C.DOY Doreal Energy Corp. Message Board

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Gold/Mining/Energy : C.DOY Doreal Energy Corp.

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To: Bearcatbob who wrote (110)	4/6/1999 6:13:00 PM
From: Nikole Wollerstein	of 133

Colombia. Doreal Energy Corporation announces that the Caporal No. 1 exploration well reached total depth of 7,921 feet on April 1, 1999. The well is located within the Tapir Association Contract in Colombia?s central Llanos Basin, which is in the same area in which the Mateguafa No. 1 oil discovery was made earlier this year. The Caporal No. 1 well was logged and after a complete review and analyses of all data. the partners elected that the well should be plugged and abandoned. The partners have now drilled two of the original nine prospects identified within the Tapir Contract area. The Mateguafa oil discovery has established commercial oil reserves and development of the field will proceed. Seven other drillable prospects remain to be drilled and evaluated on the license. Doreal has an 11.675% interest in the Caporal well. Its partners are Solana Petroleum Corporation with 38.125%, Seven Seas Petroleum Inc. with 11.875% and Mohave Colombia Corporation, the Operator, with 38.325% in the project. Portugal. Further to our March 24, 1999 news release, testing of the Aljubarrota No. 2 well is currently underway.

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