This block was acquired from PanAndean Resources plc in April 2010. The block is a 100 percent working interest area encompassing 87,383 acres in proximity to proven heavy oil fields such as the Velasquez, Moriche and Nare-Norte fields surrounding Antorcha, which combined have over 500 million barrels of recoverable oil. The addition of this block provides Petrominerales with a further highly prospective heavy oil exploration opportunity in an area close to infrastructure in the Middle Magdalena Basin.
