"We have already established a significant land position in two low-risk proven basins in Brazil while we look to Colombia for projects with significant upside."
Brazil
South American E&P Brazil Colombia


Brazil: Recôncavo Basin Highlights
  • Working Interest in 2 onshore blocks totaling 4,364 Net Acres
  • Low-risk and low-cost exploration opportunities
  • Nearby pipeline access
  • Adjacent to proven Miranga Oil field (Petrobras) - 814 MMBOE in place

BLOCK 169 & 170

The Company has successfully acquired a 25% interest in SEAL-T-170 and a 50% working interest in SEAL-T-169 during Round 9 held by Brazil's National Petroleum, Natural Gas and Bio-Fuels Agency ("ANP)" in 2007. The competitive Bid Round offered excellent exposure to low to moderate drilling opportunities.

The Blocks are located in the Recôncavo Basin on Brazil's east coast situated adjacent to the large Miranga Oil Field (Petrobras) having over 814 MMBOE in place.

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