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Solana Resources Limited ("Solana" or the "Company") - Juanambu-1 final test results - Putumayo Basin, Colombia
Solana Resources Limited ("Solana" or the "Company") - Juanambu-1 final test results - Putumayo Basin, Colombia.
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[{"type":"text","content":"\n\n\n\nCALGARY, May 29 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL)\nis pleased to announce the conclusion of a successful drill stem testing (DST)\nprogram on the recently drilled Juanambu-1 well, in the Guayuyaco Block,\nPutumayo Basin, southern Colombia.\n\n\nSix different reservoir intervals, the Lower Caballos, Middle Caballos,\nVilleta T sand, Villeta U sand, Villeta A limestone and the Rumiyaco Kg sand,\nwere tested through separate DST's. Viable test rates were obtained from four\nof the six zones. Further to the preliminary results for DST's 1 and 2\nreleased May 9, 2007, the final results for DST's 1, 2, 3, and 6 follow.\n\n\nDST-1 perforated and tested intervals 2,755.7 - 2,757.2 m and 2,757.8 -\n2759.7 m (9,041 - 9,046 ft and 9,048 - 9,054 ft), a total of 3.4 m (11 ft) in\nthe Lower Caballos. After recovering 4 m(3) (23 bbls) of oil and 6 m(3) (38\nbbls) of water from swabbing, the well was flowed naturally for 14 hours and\nproduced 11 m(3) (71 bbls) of oil with a density of 0.864 (32 degrees API).\nThe final flow rate was 12 m(3)/day (77 bopd) and still increasing with no gas\nand only traces of water.\n\n\nDST-2 perforated and tested intervals 2,742.6 - 2,744.4 m and 2,745.0 -\n2,750.2 m (8,998 - 9,004 ft and 9,006 - 9,023 ft), a total of 7.0 m (23 ft),\nin the Middle Caballos. After recovering 6 m(3) (38 bbls) of oil and 5 m(3)\n(33 bbls) of water from swabbing, the well was flowed naturally for 24 hours\nand produced 57 m(3) (355 bbls) oil with a density of 0.863 (33 degrees API),\n14,345 m(3) (507 mcf) of gas and 1 m(3) (6 bbls) of water. The final flow rate\nwas 59 m(3)/day (371 bopd) and still increasing with an insignificant Gas to\nOil Ratio (GOR) and a 1% water cut.\n\n\nDST-3 perforated and tested intervals 2,702.7 - 2,707.2 m and 2,708.5 -\n2,715.8 m (8,867 - 8,882 ft and 8,886 - 8,910 ft), a total of 11.9 m (39 ft),\nin the Villeta T sand. After recovering 2 m(3) (13 bbls) of oil and 6 m(3) (36\nbbls) of water from swabbing, the well was flowed naturally for 29.5 hours and\nproduced 26 m(3) (164 bbls) oil with a density of 0.869 (31 degrees API) and\n2,646 m(3) (94 mcf) of gas. The final flow rate was 34 m(3)/day (214 bopd) and\nstill increasing with an insignificant GOR and a 1% water cut.\n\n\nDST-6 perforated and tested the interval 2,436.9 - 2,441.4 m (7,995 -\n8,010 ft), a total of 4.6...