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Gold/Mining/Energy : Solana Petroleum Corp

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To: G.T. who wrote (34)	4/5/1999 9:56:00 PM
From: G.T.	Read Replies (1) of 1747

Dust Release out "Caporal No 1 exploratory well, drilled on the Tapir Association Contract in the Llanos Basin of Eastern Colombia to a total depth of 7,921 feet to test a stratigraphic prospect in the Cretaceous Ubaque sandstone, is in the process of being plugged and abandoned after logging runs failed to reveal the presence of commercial hydrocarbons". The company is now looking at drilling an appraisal well near the Mategufa discovery well. Also the company is now working on the 50km seismic over the N structure on the Cano Caranal. Looks like lower prices ahead until the next drill is turning. They better hit on the next well or this puppy will be 10 cents with no money and 20 million shares out.

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