Drilling Update

RNS Number : 4413H

Pan Andean Resources PLC

05 November 2008

 



Pan Andean Resources plc

Pan Andean is an oil and gas producer and explorer in South America

 and the Gulf of Mexico

5th November 2008

Danbury Dome Drilling Update

The Directors of Pan Andean Resources (AIM:PRE), the AIM listed oil and gas producer are pleased to announce that significant gas shows have been encountered in two of the three targets in the Vieman No. 1 well at Danbury Dome, onshore Texas.

Drilling has stopped at 13,200 feet, 25 feet into the Anomalina 2 Sands, the main target in the well. Preparations are ongoing to perforate and test these sands.

This announcement has been approved by Ivan Sandrea, Director, Pan Andean. Mr. Sandrea has more than 10 years of international E&P experience.

Contacts:

Pan Andean
David Horgan, Managing Director	+ 353 87 292 3500
John Teeling, Chairman	+ 353 1 833 2833
College Hill
Paddy Blewer	[phone]
Nick Elwes
Blue Oar Securities Plc
John Wakefield	[phone]
Simon Moynagh

www.panandeanresources.com

 

END

 

 

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