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Petroamerica cases Balay-1 as a potential oil well


Published Feb 18, 2010
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Petroamerica Oil Corp

Petroamerica says that the Balay-1 exploratory well has reached total depth and has been partially logged. After positive indications while drilling and logging, the Balay-1 well is being cased to be tested.

The Company, through its wholly-owned Panamanian subsidiary, Petroamerica International Corp., is entitled, upon fulfilling its obligations in a Farmin Agreement with Petrobras Colombia Limited and the approvals from the ANH and the other partner on the Balay Block, to a 15% participating interest in the Balay Block, located in the Llanos basin in Colombia

Tags: Petroamerica Oil Corp



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