PetroMagdalena Energy Corp. has finished drilling and testing of the Santa Cruz-1X well located in the Santa Cruz Block in the Catatumbo Basin. Based on the results of the testing program, the well has been suspended to allow for further geological studies and a final conclusion on the prospectivity of the area. PetroMagdalena has a 70% working interest in the Santa Cruz Block, the Santa Cruz-1X well is the first exploration well on the block.

The testing program consisted of three tests in the Barco, the first with water and traces of oil, the second two wet, one in the Cuervos with no inflow and two tests in the Mirador, both tests resulting in a natural flow of water.

Tags: PetroMagdalena Energy Inc.