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HONDO OIL & GAS REPORTS STATUS OF WELL IN COLOMBIA

 ROSWELL, N.M., May 10 /PRNewswire/ -- Hondo Oil & Gas Co. (AMEX: HOG) reported today on the drilling of the Lilia No. 10 well in the Middle Magdalena Basin in Colombia. The well is being drilled by the company's wholly owned subsidiary, Hondo Magdalena Oil & Gas Ltd.
 The well reached a depth of 10,003 feet in the La Paz formation and was logged prior to the drill pipe becoming stuck while preparing to run casing. Efforts to recover the drill pipe were unsuccessful and a sidetrack well was begun in the middle of April from 6,025 feet to drill to the depth of 11,000 feet. The sidetrack drilling reached a depth of 7,441 feet and again experienced difficulties. The company is temporarily suspending operations on Lilia No. 10 to evaluate the mechanical problems.
 Hondo Oil & Gas Co. will commence negotiations with an international oil company that has indicated its desire to participate in the Opon project.
 -0- 5/10/93
 /CONTACT: C.B. McDaniel of Hondo Oil & Gas, 505-625-8700/
 (HOG)


CO: Hondo Oil & Gas Co.; Hondo Magdalena Oil & Gas Ltd. ST: New Mexico IN: OIL SU:

MS-JB -- LA003 -- 6284 05/10/93 08:01 EDT
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Publication:PR Newswire
Date:May 10, 1993
Words:198
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