Business
PETROLIFERA PETROLEUM LIMITED ANNOUNCES START OF DRILLING SAN ANGEL 1001X WELL ON MAGDALENA LICENSE IN LOWER MAGDALENA BASIN ONSHORE COLOMBIA
Feb. 1, 2011 (Canada NewsWire Group) -- CALGARY, Feb. 1 /CNW/ - Petrolifera Petroleum Limited...
About this update from Medexus Pharmaceuticals Inc.
[{"type":"text","content":"\n\n\n\n Feb. 1, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, Feb. 1 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX)\n announced today that its 100 percent-owned and operated San Angel 1001X\n well on the Magdalena License in the Lower Magdalena Basin onshore\n Colombia commenced drilling on Tuesday, February 1, 2011.\n\n\nThe well is anticipated to be drilled to a projected total depth of\n approximately 7,500 feet with a forecast drilling time of approximately\n 33 days.  A further 20 days are anticipated for completion and testing\n of well results.  The well has been budgeted at a cost of approximately\n US$10 million, including the projected cost of a frac.\n\n\nThe primary targets are the T1 and T2 sandstones of the Tubara Formation\n which are anticipated to be natural gas-bearing zones.\n\n\nA picture of the rig on location will be posted on the Petrolifera\n website at www.petrolifera.ca.\n\n\nPetrolifera Petroleum Limited is a Calgary-based crude oil, natural gas\n liquids and natural gas company active in Argentina, Colombia and\n Peru.  It recently announced entering into an arrangement agreement to\n combine its business activities with Gran Tierra Energy Inc., which\n transaction is anticipated to be voted upon by Petrolifera shareholders\n in mid-March, 2011.\n\n\nForward-Looking Information: \n\n\nCertain information in this press release constitutes "forward-looking\n information" within the meaning of applicable securitie...