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| Operations & Production |
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: DURILLO E&P CONTRACT
| Working interest : |
100% |
| Location : |
Caguan Putumayo Basin |
| Area : |
110 sq.km |
| Contract period : |
Contract awarded in January 2009, exploration period of up to six years, initial production period of up to 24 years per field |
| Operator : |
Emerald Energy |
The Durillo Contract area is adjacent to the south-west edge of the Ombu Contract area, in which the Company is appraising the Capella discovery. The Company considers that the Durillo Contract area may have potential in the same exploration play.
The initial phase of the exploration period is 12 months and the minimum work programme comprises the acquisition of 22 kilometres of new 2D seismic data. If Emerald elects to enter the second phase, the minimum work programme includes the drilling of 1 well to an estimated depth of 4,000 feet.
The Durillo Contract has been awarded by the ANH, the National Hydrocarbon Agency of Colombia, and a copy of the model contract terms can be found on the ANH website (www.anh.gov.co).
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| © 2009 Emerald Energy Plc. All rights reserved. |
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