Petroamerica Oil* (PTA : TSX-V : $0.30), Net Change: 0.03, % Change: 11.11%, Volume: 7,469,688
Sounds like a superhero. Petroamerica jumped higher after the company announced test results from its Las Maracas-5 well. 
From the middle Gacheta sand, the well flowed approximately 3,700 bop/d over a 13-hour period and was choked back due to 
storage capacity limitations. The middle Gacheta sand, which produces in the Las Maracas-3 and Las Maracas-4 wells, was 
flow tested in the Las Maracas-5 well and produced 30-degree API oil from a six-foot perforated interval at maximum rate of 
3,762 bopd under natural flow conditions, with a watercut of 0.1% at the end of the test. The well will now be completed as a 
Gacheta producer following which the Tuscany 109 rig is expected to be skidded to drill the Las Maracas-6 well. Recently the 
company also announced exploration success at its La Casona-1 exploration well. The well encountered hydrocarbon shows 
while drilling through the C7, Mirador, Gacheta and Une reservoirs. A petrophysical evaluation of LWD (logging-whiledrilling) and cased-hole logs indicates a total of more than 80 feet true vertical depth of potential net hydrocarbon pay in the