Petroamerica Oil Corp. announces an oil discovery with its Curiara-1 well, which tested light 40o API oil at an average rate of more than 800 barrels of oil per day (bopd) from the Mirador Formation.

The Curiara-1 exploration well produced on test under natural flow conditions light oil (40o API) and gas from a 5-foot perforated interval in the Mirador Formation. The average oil rate through a 20/64 inch restricted choke over a 22-hour period was 818 bopd with 3.4 MMCFD of gas.

The well head flowing pressure during testing was approximately 3,300 psi and the watercut at the end of the test was less than 0.5%.

Tags: Petroamerica Oil Corp