Global Energy Development PLC announced that the Rio Verde 2 exploratory well within the Colombian Rio Verde contract was spudded on March 26, 2010.
The well has a proposed total depth of approximately 12,500 feet and will target three different formations -- Mirador, Gatcheta and Ubaque -- all being proved formations with other wells inside the contract area. The well is expected to be drilled, completed and tested by end of April or beginning of May 2010.
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