Pacific Stratus Spuds La Creciente-1 Exploratory Well
Pacific Stratus Energy has spudded its La Creciente-1 exploratory well in Colombia's prolific Lower Magdalena Basin. The company plans to begin testing the target located in Prospect A, the largest in the block, at a depth of 10,900 feet, with a final total measured depth of 11,600 feet to be reached within 45 days. Marino Ostos, Chief Operating Officer, said: "We are all very excited about the potential of La Creciente-1. If this well is successful, we will move the rig immediately to commence drilling La Creciente-2".
Pacific Stratus holds a 100% interest in the La Creciente Block under its 2004 contract with Colombia's National Hydrocarbons Agency (ANH).
Pacific Stratus Energy is an oil and gas company with producing interests in the Dindal, Rio Seco and Caguan blocks, as well as interests in Doima, Ortega-Pacande, La Creciente, Moriche and Puli-B exploration blocks in Colombia.
- Petro Rubiales Completes Acquisition of Pacific Stratus (Jan 23)
- Petro Rubiales and Pacific Stratus Amend Share Exchange Ratio (Jan 15)
- Pacific Stratus Discovers Gas in La Creciente Block, Colombia (Jan 03)