PetroMagdalena operator to suspend Yaraqui-1X well
PetroMagdalena operator to suspend Yaraqui-1X well
2012-01-09 16:36 ET - News Release
Mr. Michael Davies reports
PETROMAGDALENA SUSPENDS YARAQUI-1X EXPLORATORY WELL
PetroMagdalena Energy Corp. has decided to suspend the Yaraqui-1X well, located in the Topoyaco block, as tests over indicated log pays resulted in uneconomic heavy oil flows.
The company has a 50-per-cent beneficial working interest in Topoyaco and Pacific Rubiales Energy Corp. holds the remaining 50-per-cent beneficial working interest and is the operator for this block, in both cases subject to ANH (National Hydrocarbon Agency) approval.
We seek Safe Harbor.