Quetzal Energy Ltd. (CVE:QEI) updates on operations in Guatemala.
Quetzal Energy Ltd. (TSXV:QEI) updates on operations in Guatemala.
The press release is quoted as saying:
Quetzal is in the process of final design and putting out for bid a 3D seismic program to better define the producing structure at Atzam field. Tenders will be solicited this month with acquisition scheduled to begin in June. Quetzal has programmed two wells for drilling on the Atzam structure during 2011 using its company owned rig. The eight intervals perforated from 7,984 to 8,336 feet have produced inconclusive results of oil and water during preliminary testing.