Petrominerales Yenac-2 Well Produces Over 2,900 bopd

- December 7th, 2010

Petrominerales Ltd. (PINK:PMGLF), a 65% owned subsidiary of Petrobank Energy and Resources Ltd. (TSE:PBG) announce the successful test of our Yenac-2 well at a rate of 2,936 barrels of oil per day.

Petrominerales Ltd. (PINK:PMGLF), a 65% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG) announce the successful test of our Yenac-2 well at a rate of 2,936 barrels of oil per day.

The press release is quoted as saying:

Yenac-2 is the second well drilled on the Yenac discovery made in April 2010 on the Casimena Block. The Mirador formation in Yenac-2 was penetrated 25 feet higher than that encountered in Yenac-1 and log analysis indicated 48 feet of potential net pay in the well as compared to 42 feet of potential net pay in Yenac-1. The testing of two out of four planned intervals in the Mirador formation was completed. The first Upper Mirador interval resulted in the production of 80 bopd of heavy 10 degree API oil. A second Upper Mirador interval has production tested at 2,936 bopd of 17 degree API oil with a four percent water-cut.

Click here to access the entire press release

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