Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : C.DOY Doreal Energy Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Check who wrote (66)	2/24/1999 12:49:00 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 133

Press release on Colombian project today... CALGARY, Feb. 24 /CNW/ - Solana Petroleum Corp. announced today that its Mateguafa No.1 well, held under the Tapir Association Contract in the Llanos Basin of Eastern Colombia, yielded light, 32 degree API crude oil at rates as high as 777 barrels per day, from a twenty foot perforated interval in the Carbonera ''C-7'' Sandstone. The production test, performed over 54 hours, used a jet pump with a 9/64ths inch nozzle. This rate, however, is not considered indicative of the true production potential of this zone, as plugging of the jet pump with junk in the hole was experienced during the test. The well will be shut in for pressure build-up and other tests for the next few days. Two other intervals in the ''C-7'' sands, which are lower in the hole, will be retested after performing a remedial cement ''squeeze job'' to isolate deeper water-bearing sands from ''C-7'' productive intervals. Solana holds a 38.125% interest in the Mateguafa No.1 well. Its partners are Doreal Energy with 11.675%, Seven Seas Petroleum 11.875% and Mohave Colombia Corporation, the operator, with 38.325%. The group is also mobilizing a second rig to drill the Caporal No.1, an exploratory well also located on the Tapir Block, approximately 25 kilometers to the southeast of Mateguafa No.1 Solana Petroleum is a Calgary-based international oil and gas exploration company currently focusing on its interests in Colombia. The Company's common shares are listed on the Alberta Stock Exchange and trade under the symbol SOP. The Alberta Stock Exchange has neither approved nor disapproved of information contained herein.