Maurel & Prom - Positive Results in Sabanero SE-2 Exploration Well

News provided by

Maurel & Prom

Dec 06, 2010, 01:00 ET

PARIS, December 6, 2010 /PRNewswire-FirstCall/ -- M&P through its wholly-owned subsidiary M&P Colombia BV has drilled the exploration well Sabanero SE-2, located 1.8km to the south east of previous well Sabanero SE-1. The well was drilled to a depth of 3,040 ft, and found a net pay zone of 18 feet in the Carbonera C7 structure.

The Group is currently evaluating the results of the well and plans to conduct additional work soon (seismic and / or drilling).

Sabanero SE-2 is the third positive well drilled in the block located 50kms north east of Rubiales field.

For more information, go to http://www.maureletprom.fr

This document may contain forward-looking statements regarding the financial position, results, business, and industrial strategy of Maurel & Prom. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors such as, fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism or sabotage.

Maurel & Prom is listed for trading on Euronext Paris - Compartment A - CAC mid 100 Index

    Isin FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
    Contact:
    INFLUENCES
    Tel: +33-1-42-72-46-76
    Email: [email protected]

SOURCE Maurel & Prom

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