Pacific Stratus Says Dispute Starts After Success at Don Pedro-1 Well
Manfred Kruger, Chairman of Pacific Stratus, stated "We are disappointed by Hocol's actions, as we believe the recent discovery at Don Pedro-1 has brought a whole new dimension to the Doima Block. If the dispute cannot be resolved amicably, we will rigorously and aggressively enforce our legal rights, both within Colombia and elsewhere, to remedy this situation and to ensure our full participation in the Doima prospects."
Pacific Stratus Energy is an oil and gas company focused on identifying acquisition opportunities primarily within the upstream Sub Andean basins, initially in Colombia. Within Colombia, the company currently has interests in the Doima block and Ortega-Pacande oil fields, as well as in the La Creciente, Moriche and Puli-B exploration blocks. The company has offices in Toronto, Caracas and Bogota.