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Petroamerica Drills Quinde-3 Appraisal Well

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Petroamerica Drills Quinde-3 Appraisal Well

Petroamerica Oil Corp. has announced that it has successfully drilled the Quinde-3 appraisal well in the Quinde East discovery pool in the Suroriente Block (15.8% Company working interest) of the Putumayo Basin in Colombia.

The Quinde-3 well was directionally drilled by operator Vetra, to a total depth of 10,430 feet from the Quinde multi-well surface pad and encountered 20 feet of net pay (true vertical depth) in the N Sand formation. The well, drilled 1.4 kilometres west of the Quinde-7 well, validates the Company's geological mapping of the extent of this recently discovered pool. After cementing production casing in place the Quinde-3 well is expected to be perforated over the N sand pay interval and equipped to pump, and is expected to commence permanent production into the existing Quinde production facility prior to the end of December 2014.