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Gran Tierra identifies oil shows at Colombia well


Published Feb 22, 2012
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Gran Tierra Energy

Gran Tierra Energy Inc. provided a drilling update in the Putumayo and Llanos basins of Colombia, Recôncavo Basin of Brazil, and Noroeste Basin of Argentina.

"Gran Tierra Energy's 2012 drilling campaign is now well underway, with a mix of exploration and development drilling in both Colombia and Brazil in progress, while planning continues for additional drilling through the year in those countries, and in Peru and Argentina," said Dana Coffield, President and CEO of Gran Tierra Energy.

Colombia

Llanos-22 Block, Llanos Basin (45% working interest, subject to ANH approval; CEPSA 55% working interest and operator)

Drilling operations continue on the Ramiriqui-1 exploration well in the Llanos-22 Block in the foothills of the Llanos Basin. The Mirador formation has been interpreted as oil bearing with up to 130 feet measured depth (MD) gross thickness based on cuttings and logging while drilling. Casing is being set. Upon completion, drilling is expected to continue to evaluate deeper potential reservoir intervals and is expected to finish in March. Gran Tierra Energy expects testing of the Mirador formation, to confirm fluid content and reservoir productivity, to commence in April 2012.

Tags: Gran Tierra Energy Inc.




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