Suroco has announced that the operator of the Suroriente block in the Putumayo Basin of Colombia has signed a letter of commitment to enter into a contract with San Antonio International whereby San Antonio has agreed to provide a drilling rig for a minimum of a two well program.
Development drilling in the Pinuna field is expected to start in late December or early January 2009 at the Pinuna 2 well location. The Pinuna 2 well will be drilled from the Pinuna 1 surface location and will be targeting
After completion of the initial Pinuna development drilling program, the Corporation anticipates there will be a second drilling phase, expected to take place in late 2009, once the new 3D seismic and drilling results in the
The Corporation currently owns indirectly, through a wholly-owned subsidiary, a 10.3% interest in the Suroriente block (19.8% paying interest) and, as described in the Corporation's October 8, 2008 press release, has
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