Morumbi Oil & Gas Preparing to Complete New 12-33 Vertical Well on Its McKinley Alberta Light Oil Prospect

Morumbi Oil & Gas Inc. (TSX VENTURE:MOC) announced that it will soon begin completion operations at its newly drilled 12-33 vertical well in northwest Alberta.

The press release is quoted as saying:

Morumbi’s 12-33 vertical well was drilled in early March 2010 and encountered the targeted Cadotte reservoir approximately 2 meters structurally higher than the highest offset wells drilled to date in the McKinley Cadotte light oil pool. The well logs indicate that we are on the up dip northeastern edge of the McKinley Cadotte D Pool and are only 8 meters east of what geological mapping suggests should be 25 to 30 feet of oil bearing clean reservoir sands.

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