Brownstone Energy Inc.’s Flami-1 well on Block 27 in the Llanos Basin, Colombia, indicates an estimated 20 ft (6.0 m) of potential gross oil pay in the Mirador formation and 22 ft (6.7 m) in the Une formation, according to well logs.

Completion and testing operations will begin with the Une formation with the Mirador to follow. Testing of the potential zones is expected to take approximately three weeks.

The well was drilled with the Saxon 132 1,500 horsepower rig and was successfully drilled to a total depth of 9,300 ft (2,834 m) on May 31.

Brownstone is paying 50% of the gross amount and will earn 45.275% of production before payout and 34.25% of production after payout under a private participating interest agreement.