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: Bearcatbob who wrote (110)	4/6/1999 6:13:00 PM
From: Nikole Wollerstein	Respond to 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.

To: Bearcatbob who wrote (110)	4/8/1999 1:09:00 PM
From: Nikole Wollerstein	Read Replies (1) \| Respond to of 133

HOUSTON, April 8 /PRNewswire/ -- Seven Seas Petroleum Inc. (Amex: SEV - news; Toronto: SVS.U - news) announced today the results of two new wells operated by Mohave Colombia Corporation on the Tapir Association contract in the central Llanos Basin of Colombia, South America. The Mateguafa-1 well was tested at rates up to 777 Bbls/d from a twenty foot perforated interval in the Upper Oligocene Carbonera C-7 sandstone. Evaluation of the testing results and future activity, including the drilling of an appraisal well, the Mateguafa-2, later in the year after the rainy season, are continuing. Seven Seas also announced that the Caporal-1 exploration well, located approximately 15.5 miles (25 kilometers) to the southeast of the Mateguafa-1 discovery well, is to be plugged and abandoned after reaching a total depth of 7,921 feet. Electric log analyses indicated all prospective zones in the Caporal-1 well to be water bearing.