December 7, 2010 / 11:20 AM / in 7 years

UPDATE 1-Petrominerales successfully drills second well in Yenac

* Says Yenac-2 produced over 2,900 bopd

* To test remaining sands in Yenac-2 at a later date

Dec 7 (Reuters) - Latin America-focussed oil producer Petrominerales Ltd PMG.TO said it successfully drilled a second well in Yenac in Colombia.

The company said the Yenac-2 well in the Mirador formation produced 2,936 barrels of oil per day, and that it has put the well in extended production test.

Petrominerales, a 65 percent-owned unit of Petrobank Energy and Resources Ltd PBG.TO, said it will test the remaining Mirador sands in Yenac-2 at a later date, and would defer testing the rest of the formation.

Yenac-2 is the second well drilled at Yenac, which was discovered on the Casimena Block in April.

Last month, Petrobank Energy said it would spin off its stake in Petrominerales to shareholders. [ID:nN03105715]

Petrominerales’ shares, which have gained more than 15 percent since announcing the spin-off, closed at C$32.89 on Monday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Roshni Menon)

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