Real Time Updates
To keep shareholders informed about recent developments, the company has initiated the Real Time Updates section of our website.
This section will include important events over the past 90 days and will be updated monthly.
2023 Highlights
$1,220,954 yearly distribution from Hupecol Meta (Colombian Operations)
In late 2023, Hupecol advised that it intends to evaluate potential monetization of it’s assets in Colombia, including the interest in the CPO-11 block held by Hupecol Meta. Pending the outcome of Hupecol’s evaluation of, and potential efforts regarding, monetization of the CPO-11 block, we plan to drill one additional vertical well on the CPO-11 block by mid-2024 but otherwise have no planned drilling operations, or other planned operations, in Colombia and we expect to continue to operate our existing wells on the CPO-11 block. There is no assurance as to the timing or outcome of Hupecol’s potential monetization of assests.
