Brownstone Energy Spuds Mani #1 Well in Colombia

- October 24th, 2011

Brownstone Energy Inc. (TSXV:BWN) have started drilling the Mani #1 well on the Llanos 27 Block in the Llanos Basin of Colombia.

Brownstone Energy Inc. (TSXV:BWN) have started drilling the Mani #1 well on the Llanos 27 Block in the Llanos Basin of Colombia.

As quoted in the press release:

The well is programmed to test the hydrocarbon potential of the Mirador and Une formations with secondary targets being the Carbonera and Gacheta formations. The gross budget for drilling the well is US$10 million and the testing budget is US$4 million – US$5million. The Company is paying 50% of this amount to earn a participating interest of 45.275% before payout and 34.25% after payout.

Click here to read the Brownstone Energy Inc. (TSXV:BWN) press release

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