PetroMagdalena Energy Corp. (PMD.V), today provided an update on
its ongoing exploration program previously announced on January 18,
2012, and provided a production update for a new discovery on the
The Azor-1X well has been completed and was put on production on
January 31, 2012.
Arrendajo Block, Llanos Basin: Arrendajo Norte - 1X Exploration
After drilling the discovery well, Azor-1X, the drilling rig has
moved to another location on the Arrendajo block, Arrendajo
Norte-1X, where the rig spudded on January 28, 2012 and has
completed drilling to 588 feet (
), after logging, the surface casing has been run and cemented. It
is anticipated that the well will reach the projected TD of 7022
) by February 10, 2012 to test the Carbonera sequence that was
successful in the Azor-1X well, which is located 3 kilometers to
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