Black Rock discovers oil in Colombia
18 July 2007
Black Rock Oil & Gas Plc has discovered oil in its Acacia Este exploration well on the Las Quinchas Association Contract in Colombia.
The Company said that fair to good oil shows were encountered whilst drilling the target Lower Mugrosa Formation, and preliminary interpretation of the logs run at total depth indicates oil saturation in good quality porous sandstones.
A testing programme is now under way with results expected in early August.
Dr John Cubitt, Managing Director of Black Rock Oil & Gas Plc, said:
'The results of the drilling to date are very encouraging and if the testing results are positive, Acacia Este could be a highly significant discovery for Black Rock.'
The Las Quinchas Block, in which Black Rock has a 50% interest, contains the Arce, Bukhara and Baul heavy oilfields and a number of exploration prospects including the Acacia Este oil discovery. The Arce oilfield contains heavy oil and is currently undergoing a steam injection test to determine commerciality and development options.
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