Petroamerica Oil (TSX: V.PTA, Stock Forum) Tuesday announced the start of appraisal drilling at its La Casona discovery in the Llanos Basin of Colombia after the La Casona-2 appraisal well was spud on May 30, 2013, this according to a company news release.
The well is expected to be drilled to a target depth of approximately 16,000 feet and is expected to take approximately 60 days to drill and complete.
The company anticipates that the well will be placed on long-term production test towards the end of the third quarter of this year.
Petroamerica holds a 40% non-operated participating interest in the El Eden Block, 15% of which is still pending approval by the Colombian National Hydrocarbon Agency.