OilVoice - Global Energy Development Prepares to Drill Rio Verde 2 Exploratory Well in Colombia

Global Energy Development Prepares to Drill Rio Verde 2 Exploratory Well in Colombia

Thursday, March 11, 2010

Global Energy Development PLC, the AIM listed Latin America focused petroleum exploration and production company, announce that rig mobilisation has commenced to the Rio Verde 2 exploratory well within the Colombian Rio Verde contract.

The well has a proposed total depth of approximately 12,500 feet and will target three different formations - Mirador, Gatcheta and Ubaque - all being proved formations with other wells inside the contract area. The well is expected to be spudded late March and drilled, completed and tested prior to May 2010.

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