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Pine Cliff updates Argentina drill program


Published Dec 25, 2008
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Pine Cliff Energy announces farm in arrangements in Argentina-Spotlight

Pine Cliff Energy provides the following update with regard to its three well drill program on the Cañadón Ramirez property, located in the San Jorge Basin of Argentina in which the Company holds a 49 percent participating interest. Pine Cliff has completed testing and evaluating two of the three wells.

The CR.X-7 well and the CR.X-8 well targeted multiple sands in the Upper-Mid Cretaceous Bajo Barreal and Castillo formations. Based on production tests, all zones tested in both wells were determined to be uneconomic. Pine Cliff is currently considering options available in regards to further testing of the CR.X-7 well and testing of the third well CR.X-11.

Tags: Pine Cliff Energy Ltd.



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