News PERU drilling january 9 2012 Block 126, Peru
In Peru, the company is pleased to report that the La Colpa 2x well has encountered a number of porous sands in the Cretaceous and is drilling at 5,623 feet in the Ene formation. The 12-1/4ths-inch hole will reach total intermediate depth at 90 feet into the Copacabana formation. Depending upon log results, the Cretaceous sands may be tested for oil potential. The company plans to continue drilling to total depth to evaluate the Tarma, Copacabana and Green Sandstone formations.