11:59 AM EST - Petrobank Energy and Resources Ltd. : announces its Petrominerales Ltd. subsidiary provided an operational update highlighted by the successful test of our Caruto-1 well at over 10,000 barrels of light oil per day ("bopd"). In the Northeast area of Corcel, we completed drilling our third exploration well, Caruto-1, on November 16. The well reached total measured depth of 13,024 feet and well logs indicated a total of 47 feet of potential net oil pay in the Lower Sand formation. An initial seven hour production test reported over 10,000 bopd of light 32 degree API oil at a zero percent water cut. Petrobank Energy and Resources Ltd.
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