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Article: Crown Point Ventures Ltd. Makes Gas Discovery From Third Well and Completes El Valle Drill Program in Argentina.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 5, 2009 (Marketwire via COMTEX) -- Crown Point Ventures Ltd. (the "Company") (TSX VENTURE:CWV) advises that it has successfully completed the EVx-20 well as a dual zone gas discovery. The well was drilled as the final well of the three well program in the El Valle field in the San Jorge Basin of Argentina, with the first two currently producing medium grade oil.
In the EVx-20 well, the company tested two zones in the Canadon Seco formation, which both produced gas. The first zone is a four meter (4.0m) thick sandstone layer, which upon completion was tested through a 14mm choke at rates of approximately 1.0 MMcf/d of dry gas. The ...