Pebercan development well success


Pebercan development well success

Offshore staff
(Cuba)-Drilling and production company Pebercan, Inc. reported successful
drilling of the Seboruco-12 development well off the northern coast of Cuba.
The well is located approximately 350 m east of the Seboruco-11 well, and
produced over 1,500 b/d over a period of 48 hours on a choke 20-mm in
diameter. Based on these results, Pebercan will continue development of the
Seboruco field by drilling the Seboruco-13 development well in the near
future.
Pebercan Inc. is involved in the exploration, development and operation of
oil reserves in the Republic of Cuba. Pebercan sells all of its production
to the Cuban government, but is not subject to any restrictions with regard
to selling its oil. The Corporation's headquarters are in Montréal, Québec
and shares are listed on the TSX under the symbol PBC.
9/19/2005

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