Project Profile
COR - 11
Location: Upper Magdalena Basin of central Colombia
Size: 176,915 gross acres
Phase 1: acquire 150 km of 2D seismic to prepare for drilling in 2012
Value: US$10 million approx
COR - 39
Location: Upper Magdalena Basin of central Colombia
Size: 95,106 gross acres
Phase 1: To drill one exploration well, and acquire 90 km of 2D seismic across the other leads identified on the block to prepare for drilling in 2012
Value: US$10 million approx
The COR-11 and COR-39 E&P contacts are located in the Upper Magdalena Basin of central Colombia. The Corporation was the successful bidder for the COR-11 and COR-39 E&P contracts in the Ronda 2010 exploration bid round that took place in June 2010. Canacol owns a 100% operated working interest in each of the three new contracts.
Operators:
Canacol Energy: Operator with 70% interest
Sintana Energy: 30% interest