By Ayla Jean Yackley
Sept. 23 (Bloomberg) -- Solana Resources Ltd., a Canadian oil explorer operating in Colombia, said test results showed the field at its Costayaco site may be larger than expected, requiring an increase in its development plan.
The well's two major reservoir sequences achieved stabilized gross production rates of 3,042 barrels and 1,401 barrels of oil per day, Solana said today in a statement distributed by PR Newswire.
Solana and Gran Tierra Energy Inc. operate the Colombian field as a joint venture, it said.
To contact the reporter on this story: Ayla Jean Yackley in Istanbul at ayackley@bloomberg.net.
Tuesday, September 23, 2008
Solana Says Oil Field in Colombia May Be Larger Than Estimated
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