Canacol Energy Ltd. (TSX:CNE) has commenced the heavy oil exploration drilling program on its Portofino and Cedrela Exploration in Colombia.
As quoted in the press release:
Canacol plans to drill six stratigraphic wells which include four wells on the Portofino contract and two wells on the Cedrela contract in a back to back drilling campaign that will commence in late July 2012 and end in early 2013.
Canacol Energy’s President and CEO, Charle Gamba commented:
These stratigraphic wells will target six of the more than fifty prospects and leads we have defined on the blocks using approximately 900 km of newly acquired 2D seismic, the first seismic ever shot on these blocks.