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MAXUS ENERGY ANNOUNCES TEST RESULTS OF VOLCANERA-1 WELL IN COLOMBIA

 DALLAS, Sept. 30 /PRNewswire/ -- Maxus Energy Corporation (NYSE: MXS) today announced test results from its Volcanera-1 well on the Recetor Block in the Llanos Basin, about 100 miles northeast of Bogota, Colombia.
 As reported Aug. 10, 1993, the well reached total depth of 19,103 feet, penetrating 675 feet of Mirador sand. A flow rate of 7.2 million cubic feet of gas per day (MMcf/D) and 240 barrels per day of liquid hydrocarbons (BL/D) was encountered between 18,520 and 18,695 feet on a 1/2-inch choke at a flowing wellhead pressure of 1,450 pounds per square inch (psi). The gas has a gravity of 0.84 and the liquid hydrocarbon is 45 degrees API. Five-inch casing was set to a total depth of 18,792 feet; the bottom 300 feet of sand could not be initially evaluated because of debris lodged in the hole and in the casing.
 Subsequently, the first test zone was expanded to an interval from 18,400 to 18,695 feet with inconclusive results.
 The debris was successfully removed from inside the five-inch casing and from the top five feet of open hole. The interval from 18,752 to 18,797 feet was flow tested at a rate of 2.2 MMcf/D, 86 BL/D and 1,410 barrels of water per day on a one and one-half-inch choke at a flowing wellhead pressure of 1,028 psi. The gas has a gravity of 0.74 and the hydrocarbon liquid is 41.3 degrees API.
 Based upon this series of drillstem tests, Maxus has established a Mirador hydrocarbon column in the Volcanera-1 which is greater than 350 feet in height.
 On Sept. 28, 1993, testing operations ceased on the Volcanera-1 and the well will be suspended pending further evaluation.
 The Liria-1 well is being drilled now on a different structure, below 7,500 feet in a side-tracked hole. Future well locations on the Recetor Block are being studied.
 Maxus Colombia, Inc., is operator and holds a 53.3 percent interest in the Recetor Association Contract. The other partners and their interests are Deilmann Erdol Erdgas GMBH, a German oil and gas company, 20 percent; Inaquimicas, S.A., a Colombian company, 16.7 percent; and British Petroleum Exploration Company (Colombia) Limited, 10 percent. The state oil company, Ecopetrol, has the option to join for 50 percent interest upon declaration of commerciality.
 Dallas-based Maxus Energy Corporation is an independent oil and gas exploration and production company with operations in more than a dozen countries, including the United States, Indonesia and Ecuador.
 -0- 9/30/93
 /CONTACT: Tom Sullivan, 214-953-2844, or (investors) Peter Dallas, 214-953-2083, both of Maxus Energy Corporation/
 (MXS)


CO: Maxus Energy Corporation ST: Texas IN: OIL SU:

MP -- NY112 -- 7494 09/30/93 16:58 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
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