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Solana Resources Limited ("Solana" or the "Company") - Preliminary Positive Test Results - Tres Curvas-1 - Catatumbo Basin - Colombia
Solana Resources Limited ("Solana" or the "Company") - Preliminary Positive Test Results - Tres Curvas-1 - Catatumbo Basin - Colombia.
About this update from Kutcho Copper Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Oct. 23 /CNW/ - Solana Resources Limited (TSX-V: SOR; AIM: SORL)\nis pleased to announce preliminary test results for the Tres Curvas-1 wildcat\nexploration well yielded a combined 180 barrels of oil per day (bopd) from\n61 feet of perforations in two Catatumbo formation zones. With the application\nof appropriate artificial lift it is expected that rates will meet or exceed\noriginal expectations of 300 bopd.\n\n\nTres Curvas-1 is located in the Catguas Block, Catatumbo Basin, north\neastern Colombia. Solana is the operator of the Catguas Block with a 100%\nworking interest. Trayectoria Oil and Gas, Sucursal Colombia holds a 15%\nbeneficial interest in the portion of the block containing the Tres Curvas-1\nwell.\n\n\nTres Curvas-1 reached a total measured depth of 3,550 feet (3,518 true\nvertical depth) on September 11, 2007 and a five zone cased hole testing\nprogram commenced on September 16, 2007.\n\n\nThe drill stem tests (DST) and the logs and sidewall cores have\nrespectively confirmed that the targeted zones are significantly under\npressured and have high porosities and permeabilities. This combination most\nlikely resulted in formation damage during drilling which in all probability\nrestricted fluid inflow during testing.\n\n\nDST-1 tested a 42 feet interval (3,362 - 3,404 feet) in the Catatumbo\nformation. This interval was swabbed for three days and had a final swab rate\nof 136 bopd (32 degrees API) with a 17% water cut. Subsequently, a jet pump\ntest was performed, however, a mechanical failure resulted in un-interpretable\ndata. Solana plans to re-evaluate this zone.\n\n\nDST-2 tested an 18 foot interval (3,338 - 3,356 feet) in the Catatumbo\nformation. This interval was swabbed for two days and briefly produced 56 bopd\nwith a 20% water cut after which the well stopped producing. Solana feels the\nDST-2 interval has formation damage and plans to re-evaluate this zone after\nan acid wash stimulation.\n\n\nDST-3 tested a 19 foot interval (3,258 - 3,274 and 3,277 - 3,280 feet) in\nthe upper part of the Catatumbo formation. This interval was swabbed for three\ndays and had a final swab rate of 44 bopd (28 degrees API) with a 60% water\ncut. Further evaluation of the data is ongoing.\n\n\nDST-4 tested a 56 foot interval (3,074 - 3,116 and 3,122 - 3,136 feet) in\nthe lower Barco formation. This interv...