Petroamerica Oil Corp. provides the results from its Las Maracas-11 development well which tested under natural flow, light 37o API oil at an average rate of approximately 3,600 barrels of oil per day (bopd) from the Mirador Formation.

The Las Maracas-11 development well was specifically targeting attic oil in the Mirador reservoir in a high structural position, but also intersected the Gacheta and Une reservoirs lower in the structure. The well encountered 48 feet of net pay, 38 feet of which are in the Mirador Formation, and produced on test under natural flow conditions light oil (37oAPI) from a 16-foot perforated interval in the Mirador Formation.

Tags: Petroamerica Oil Corp