International Areas of Operation
In the Northern Putumayo Basin, we hold interest in three concessions.
The Company was incorporated in April 2001, for the purpose of engaging in oil and gas exploration and production because the Company recognized the opportunity that existed for smaller energy companies to participate in both domestic and international projects that held the potential for significant revenues and production.
To date, the Company through its affiliation with Hupecol has been able to maintain approximately 65% (+/-) success ratio in its international concessions of Colombia, while keeping an inventory of drilling prospects.
In 2013, the company expanded its scope to include participation in projects in the United States.
The company believes the growth in domestic oil and gas exploration activity presents additional opportunities for the company to enhance shareholder value.