Business
Petrodorado Provides an Operations Update on its Colombia and Peru Blocks
Apr. 18, 2011 (Filing Services Canada) -- Petrodorado Energy Ltd. (PDQ - TSX Venture), ("Petrod...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\nPetrodorado Provides an Operations Update on its Colombia and Peru Blocks\n\n Apr. 18, 2011 (Filing Services Canada) -- Petrodorado Energy Ltd. (PDQ - TSX Venture), (\"Petrodorado\" or the \"Company\") provides an operations update on its Colombian and Peruvian Blocks.The Company is pursuing its strategy of focusing on its high impact exploration blocks in 2011, by drilling 9 exploration wells and acquisition of over 1,000 Km of 2D and 350 square Km of 3D seismic through a fully funded budget of US $55 Million,. The Company plans to drill five exploration wells in at least two of its five high impact exploration blocks in 2011. Recent prolific discoveries around the Company's CPO-5 block have highlighted the excellent prospectivity of this block. With the presence of hydrocarbons confirmed in the Talora block, the Company plans to drill one exploration well targeting light oil in the Caballos formation.COLOMBIACPO 5 BlockAcquisition of 250 Km of 2D and 650 square Km of 3D seismic has been completed and the 3D data is under processing and interpretation. Plan to drill two exploration wells in 2011 in the South East area of the block, identified by the completed 3D seismic program.Additional 3D seismic is being planned for the North West corner of the block focusing on similar targets to the recent discovery well (Yatay-1) announced in the Guataquia block, which tested at a rate of 10,440 bopd of 42 API oil on natural flow, by another operator.The CPO 5 Block is an ANH contract, located in the Los Llanos Basin. Petrodorado has a 30% non-operated working interest in the block.Tacacho Block521 Km of 2D seismic is planned to be acquired in the second half of the year, followed by one exploration well.The Tacacho block is an ANH contract, located in the Caguan-Putumayo Basin. Petrodorado has a 49.5% non-operated working interest in the block.Talora BlockThe Verdal-1 well (discovery announced on November 29, 2010) tested the fractured carbonate formation of Tetuan, with a peak rate of 770 thousand standard cubic feet per day (Mscf/day). The Corporation has initiated additional analysis to evaluate advanced engineering solutions to increase the production rate. The Company plans to drill one exploration well in the Dorado prospect in 2011 targeting the original primary light oil target of the Caballos formation.The Talora Block is an ...