Seven Seas Commences Drilling of the Tres Pasos 16-E Exploration Well

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Seven Seas Commences Drilling of the Tres Pasos 16-E Exploration Well

    HOUSTON, Oct. 23 /PRNewswire/ -- Seven Seas Petroleum Inc. (Amex: SEV)
announced today that it has commenced the drilling of the Tres Pasos 16-E
exploration well to test the Cimarrona formation on the west-side of the
Guaduas Oil Field structure.  The Cimarrona formation is the producing zone of
the Guaduas Oil Field.  The Tres Pasos 16-E well is being drilled from a
surface location about 5 kilometers northwest of the El Segundo 1-E discovery
well and is expected to reach a total measured depth of approximately
6,700 feet.  Seven Seas' partners in the Guaduas Oil Field, Sipetrol S.A. and
Cimarrona L.L.C., are both participating in the well.
    Seven Seas Petroleum Inc. is an independent oil and gas exploration and
production company operating in Colombia, South America.  The Company's
primary emphasis is on further exploration, development and production of the
Guaduas Oil Field, located in Colombia's prolific Magdalena Basin.
    Statements regarding anticipated oil and gas production and other oil and
gas operating activities, including the costs and timing of those activities,
are "forward looking statements" within the meaning of the Securities
Litigation Reform Act.  The statements involve risks that could significantly
impact Seven Seas Petroleum Inc.  These risks include, but are not limited to,
adverse general economic conditions, operating hazards, drilling risks,
inherent uncertainties in interpreting engineering and geologic data,
competition, reduced availability of drilling and other well services,
fluctuations in oil and gas prices and prices for drilling and other well
services and government regulation and foreign political risks, as well as
other risks discussed in detail in the Seven Seas Petroleum Inc.'s filings
with the U.S. Securities and Exchange Commission.

SOURCE Seven Seas Petroleum Inc.

http://www.sevenseaspetro.com
Company News On-Call:

http://www.prnewswire.com/comp/123145.html
CONTACT:
Bryan Sanchez, Investor Relations of Seven
Seas Petroleum Inc., +1-713-622-8218