Petrominerales provides an operational update highlighted by our Curito-1 discovery well that tested over 5,900 barrels of oil per day (bopd).

Curito Discovery, Casanare Este Block, Central Llanos Basin, Colombia (100% WI)

The Curito-1 exploration well was drilled to target depth of 10,390 feet. The company cased the well based on our petrophysical interpretation and performed initial tests using a progressive cavity pump (PCP) in the following four intervals:

■ the Ubaque test averaged 69 barrels per day of 14.5 degree API oil at a 86 percent water-cut over a 44 hour period; ■ the Gacheta test averaged 93 barrels per day of 14.3 degree API oil at a 52 percent water-cut over a 65 hour period; ■ the Mirador test averaged 162 barrels per day of 29.4 degree API oil at a 70 percent water-cut over a 27 hour period; and ■ the Carbonera C7 test averaged 593 barrels per day of 34.3 degree API oil at an eight percent water-cut over a 43 hour period.

Tags: Petrominerales Ltd.