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HONDO SPUDS OPON NO. 3 WELL

 ROSWELL, N.M., Oct. 13 /PRNewswire/ -- Hondo Oil & Gas Co. (AMEX: HOG) announced today that it commenced drilling the Opon No. 3 well at the Opon Association Contract area in Colombia at 6 p.m. on Oct. 12, 1993. The well is targeted to encounter the top of the La Paz formation at 9,900 feet and is projected to reach a total depth of 13,000 feet.
 Hondo Magdalena Oil & Gas Ltd., the company's wholly owned subsidiary, serves as operator for the Opon Association Contract on behalf of itself, Amoco Colombia Petroleum Co. and Opon Development Co.
 -0- 10/13/93
 /CONTACT: Robert O. Anderson of Hondo Oil & Gas, 505-625-8700/
 (HOG)


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

JL-EH -- LA018 -- 1680 10/13/93 12:32 EDT
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Publication:PR Newswire
Date:Oct 13, 1993
Words:132
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