M&P finds oil at Sabanero-1 - Colombia

Paris-based Maurel & Prom (M&P) has encountered hydrocarbons at its Sabanero-1 well on the Sabanero license in Colombia's Llanos basin.
Around 40f (12m) of net pay has been identified with potential flow rates yet to be confirmed, the firm said in a statement.
M&P will now drill the Sabanero-SE1 well in order to judge potential reserves and commerciality levels on the block.
The firm also plans to announce drilling results for its Cascabel-1 and Bachue-1 wells next month.
M&P holds four licenses across Colombia and was awarded the COR 15 concession by the country's national hydrocarbons agency (ANH) in last month's open round 2010 tender.