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Solana Resources Limited ("Solana" or the "Company") - Cocodrilo-1 Exploration Well Results - Catguas Block - Catatumbo Basin - Colombia
CALGARY and LONDON, Dec. 7 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL) announces tha...
About this update from Kutcho Copper Corp
[{"type":"text","content":"\n\n\n\nCALGARY and LONDON, Dec. 7 /CNW/ - Solana Resources Limited (TSX-V: SOR;\nAIM: SORL) announces that the Cocodrilo-1 well, located in the Catguas Block,\nCatatumbo Basin, north eastern Colombia, will be plugged and abandoned.\nCocodrilo-1 was drilled to a total measured depth of 3,197 feet penetrating\nthe primary objectives, the Barco and Catatumbo formations. Although these\nobjectives were oil bearing, subsequent fluid tests and side wall core\nanalyses indicated that sub-commercial flow rates would be encountered.\nSignificant geological information was gained drilling Cocodrilo-1 which will\nprove very valuable as Solana moves forward in this highly prospective area.\nSolana is the operator of the Catguas Block with a 100% working interest.\nTrayectoria Oil and Gas, Sucursal Colombia holds a 15% beneficial interest in\nthe portion of the block containing the Cocodrilo-1 well.\n\n\nCocodrilo-1 is the sixth well in Solana's 2007 six well exploration\nprogram, and the second of the two well program on the Catguas Block. Solana\nhas had three successes in its 2007 exploration campaign.\n\n\nMr. Glenn Van Doorne, Chief Operating Officer of Solana, a Petroleum\nGeologist, is the qualified person who has reviewed the technical information\ncontained in this news release.\n\n\nForward Looking Statements\n\n\nCertain information regarding the Company, including management's\nassessment of future plans and operations, may constitute forward-looking\nstatements under applicable securities law and necessarily involve risks\nassociated with oil and gas exploration, production, marketing and\ntransportation such as loss of market, volatility of prices, currency\nfluctuations, imprecision of reserve estimates, mechanical problems, equipment\nlimitations, environmental risks, competition from other producers and ability\nto access sufficient capital from internal and external sources; as a\nconsequence, actual results may differ materially from those anticipated.\n\n\nSolana Resources Limited\n\n\nSolana (www.solanaresources.com) is an international resource company\nengaged in the acquisition, exploration, development and production of oil and\nnatural gas. The Company's properties are located in Colombia, South America\nand are held through its wholly owned subsidiary, Solana Petroleum Exploration\n(Colombia) Limited. The Company ...