BOLIVAR PROJ-CATALINA #1 SIMITI FORMATION UPDATE (7337W)
February 03 2012 - 2:00AM
UK Regulatory
TIDMGED
RNS Number : 7337W
Global Energy Development PLC
03 February 2012
Immediate Release 3 February 2012
GLOBAL ENERGY DEVELOPMENT PLC
(the "Company")
BOLIVAR PROJECT - CATALINA #1 SIMITI FORMATION UPDATE
Global Energy Development PLC, the Latin America focused
petroleum exploitation, development and production company (AIM:
GED) with operations in Colombia and Peru, is pleased to announce
it has retained a third-party firm to review the Catalina #1 well
log, core data, mud-log information and other geochemical data and
to recommend specific fracturing intervals with particular fluids
and fracturing design for the re-entering of the Catalina #1 well
within the Simiti formation. The third-party firm, Discovery
GeoServices Corporation headed by Mike Lewis, will also estimate
the expected initial rates of oil, natural gas and natural gas
liquids. The evaluation project, as described above, has commenced
and is expected to be completed by the end of March 2012.
Following completion of this evaluation, the Company will
evaluate technical proposals from BakerHughes Pressure Pumping
Division (Colombia), Weatherford Colombia and one other service
provider for the design and planning of the Simiti frac stimulation
project.
For further information please contact
Global Energy Development PLC
Anna Williams, Director of Business
Development +001 817 310 0240
awilliams@globalenergyplc.com
www.globalenergyplc.com
Buchanan (Financial PR)
Tim Thompson +44 (0)20 7466 5000
Ben Romney
Helen Chan
Northland Capital Partners Limited
+44 (0)20 7796
Louis Castro 8800
Lauren Kettle
This information is provided by RNS
The company news service from the London Stock Exchange
END
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