Petroamerica Oil

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Colombian oil and gas junior Petroamerica Oil Corp (TSXV:PTA) is casing the La Guira-2 appraisal well for testing. La-Guira 2 reached its target depth of 12,600 feet and was logged before a decision was made to test the well. Testing will be performed on the Mirador and Gacheta formations, and will commence when a work-over rig is secured and on site. Petroamerica holds a 100% working interest in the well, however a partner can earn into 50%, subject to a penalty.

News Release: Petroamerica Cases the La Guira-2 Appraisal Well For Testing

Corporate Presentation: Petroamerica Oil Corp. - Jan 14, 2013

[Disclosure: Author holds a long position in PTA.]