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Petrodorado Provides an Operations Update on its Upper Magdalena Blocks
Mar. 11, 2011 (Filing Services Canada) -- Petrodorado Energy Ltd. (PDQ - TSX Venture), provides...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\nPetrodorado Provides an Operations Update on its Upper Magdalena Blocks\n\n Mar. 11, 2011 (Filing Services Canada) -- Petrodorado Energy Ltd. (PDQ - TSX Venture), provides an operations update on its Upper Magdalena Blocks.Talora BlockThe Verdal-1 well (discovery announced on November 29, 2010) has started testing the fractured carbonate formation of Tetuan, which gave several gas kicks during drilling. The testing is expected to take three weeks to complete.The Talora Block is an ANH contract, located in the Upper Magdalena Basin. Petrodorado has a 95% operated working interest in the block.Buganviles BlockDrilling operations on the Tuqueque 1X well were terminated at 9,303 feet and plans to deepen the well to Caballos target at 11,300 feet were suspended after encountering drilling challenges. Three zones totalling 34 feet in the upper part of the well in the Olini formation, are planned to be tested to determine production rates and commerciality of this formation. The operator is expected to commence the testing shortly. The Monserrate formation, which has a net pay of 31 feet as announced on February 2, 2011, is planned to be tested in an up dip location that has been identified, via another well to be drilled later this year.The Buganviles Block is an Association Contract with Ecopetrol, located in the Upper Magdalena Basin.  Petrodorado has a 55% non-operated beneficial interest in the Tuquque prospect.Krishna Vathyam, President and CEO of Petrodorado Energy Ltd:\"We are pleased to start the testing on the Verdal well and expect to commence testing on the Tuqueuqe-1X well shortly. Although we could not reach our Caballos target in Tuqueque, we will plan a future exploration well to test this highly prospective formation.\"About Petrodorado Energy Ltd.Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Peru and Paraguay. Its head office is located in Calgary, Alberta, Canada and Petrodorado's common shares are traded on the TSXV under the trading symbol PDQ. For further information, please contact:Krishna Vathyam, President and CEO Sean Bovingdon, CFO(403) 235-2804Email: [email protected] Website: www.petrodorado.comCautionary Note Regarding Forward-Looking Statements Except for the statements of historical fact contained herein, the information p...