Pacific Stratus Encounters Gas with La Creciente-1 Well

Pacific Stratus Energy says that its 100%-owned La Creciente-1 well in the Lower Magdalena Basin in Colombia, has been drilled to a depth of 11,557 feet and has encountered gas shows over a gross interval of 642 feet in the Cienaga de Oro Formation. Drilling to a final depth of 11,600 feet is expected to be completed today. The Company is now preparing to log the well to further evaluate the gas shows. The Company has all the necessary equipment at the well site to test the selected interval following completion of the logging program and the Company intends to issue a further announcement after the logging is completed.

Pacific Stratus Energy is an oil and gas company with interests in the Doima block and Ortega-Pacande oil fields, as well as in the La Creciente, Moriche and Puli-B exploration blocks in Colombia. The company is focused on identifying acquisition opportunities primarily within the upstream Sub Andean basins, initially in Colombia. The company has offices in Toronto, Caracas and Bogota.