PetroNova Inc. reported an oil discovery at its Atarraya 1 exploratory well located on the CPO-07 Block (in which PetroNova has 20 percent working interest) in Colombia's Llanos Basin.

"We are extremely encouraged by the discovery of hydrocarbons at PetroNova's first exploratory well drilled in the CPO-07 Block, located in the Llanos Basin. PetroNova considers CPO-07 to be a high-potential block given its proximity to and correlation with the neighboring productive Ocelote and Caracara Fields," said Antonio Vincentelli, Chief Executive Officer of PetroNova. "As we conduct further tests on this well, we look forward to proceeding to drill two additional prospects on the CPO-07 Block."

Tags: PetroNova Inc.