PetroNova Inc. reported an oil discovery at its Pendare 1 exploratory well located on the CPO-13 Block (in which PetroNova has 20 percent working interest) in Colombia's Llanos Basin.

"We are extremely encouraged by the hydrocarbon discovery at PetroNova's first exploratory well drilled in CPO-13, located in the Llanos Basin," said Antonio Vincentelli, Chief Executive Officer of PetroNova. "PetroNova believes the characteristics of this discovery confirm that the highly prospective Quifa-Rubiales / Caño Sur heavy oil trend continues to our CPO-13 Block."

Tags: PetroNova Inc.