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MARACAS PERMIT, CESAR BASIN, COLOMBIA

Texican own the ”Maracas Permit”, Cesar Basin. The company discovered a La Luna gas field, which will be put on stream in order to produce electricity, and an oil reservoir in the Lagunitas formation, very similar to the best of the Middle Magdalena.

Texican is planning an horizontal well to produce this reservoir. The permit contains several additional prospects in the La Luna and the Lagunitas formations.

Texican is proposing for a farm-out the drilling of the horizontal well to the Lagunitas and the exploration of the deep La Luna.

Visit our booth during the AAPG ”Prospect & Property Marketplace”, New Orleans, April 16-19, 2000.