Solana Makes Headway on Los Aceites-1 in Colombia

Solana Resources Limited has successfully drilled, logged, cased and is preparing to test the Los Aceites-1 well located on the Guachiria block in Colombia's Llanos Basin.

Drilling commenced on Los Aceites-1 on August 2, 2008, and reached a total vertical depth of 7,108 feet on August 11, 2008. Initial log interpretations, MDT tests and sidewall cores indicate oil pay in the Carbonera C-7 formation, where 40 degree API oil shows were encountered. Los Aceites-1 encountered the same sand package, with better log characteristics, as in the Primavera-1 well which is located approximately 3.3 km to the north and tested 650 barrels of oil per day from the Carbonera C-7 formation over a 24 hour period.

The Pioneer-52 drilling rig will be used to complete and test the well. Testing operations are anticipated to take approximately two weeks. Following Los Aceites-1 testing, Pioneer Rig 52 will be made available to Petrotesting Colombia S.A. for a two well program in the Llanos basin.

Solana is the Operator and holds a 100% working interest in the Guachiria block with Lewis Energy Colombia holding a 30% beneficial interest in the block. The Guachiria block is subject to an Ecopetrol S.A., the State oil and gas company, contract and attracts an additional Ecopetrol S.A. 13% overriding royalty that is applied after government royalties.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit