Following the Company's successful bids on four exploration blocks totaling 495,000 acres in the Colombia Mini-Round 2008, Petro Andina and its partner, Columbus Energy Sucursal Colombia, were formally awarded the blocks by the Colombia National Hydrocarbons Agency on April 20, 2009.
Initial plans are to conduct a three dimensional seismic program and to drill the first exploration well in late fourth quarter of 2009 or first quarter of 2010.
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