The well commenced drilling operations on June 10, 2010 and reached total measured depth of 13,457ft on July 27. Well logs indicate a total of 46ft of potential net oil pay in the Guadalupe formation.

The company said that the Lower Sand 1 zone indicated an anomalous well log response and compelling hydrocarbon indications during drilling. The well will be cased and the drilling rig will be mobilized to the Arion-1 location to spud this well by mid-August. Amarillo-1 will be tested with the completion rig, starting with the Lower Sand 1 formation.

The fourth well of the central Llanos exploration program, Mapana-1 on its Mapache Block, reached total measured depth of 8,220ft on May 27, 2010. Well logs indicated potential net oil pay of 25ft, consisting of 16ft in the Carbonera C7 sands and 9ft in Guadalupe formation.

To-date, the company has completed testing three of four intervals in the Guadalupe, Mirador and Carbonera C7 formations and the production to-date during the month of July averaged over 35,500 barrels of oil per day (bopd).