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Highlights:
• Increase gross production to 265,000 boepd (exit 2011) • Gross Production capacity 220,000 boepd exit 2010 • Net Production of 85,000 boepd, after royalties • Strong 2P reserves : • 2P reserves of 316.4 MMboe* (+ 34 % from 2008) • A total of 45 blocks – approximately 19 million acres • 14 producing blocks in Colombia • 26 exploration blocks in Colombia • 3 exploration blocks in Peru • 2 exploration blocks in Guatemala • La Creciente has the ability to deliver 120 MMcf/d through enhanced infrastructure • La Creciente taken from discovery to ~60 MMcf/d in 15 months • Drilled more exploration wells than any other independent Colombian producer in 2009 • 2nd largest exploration portfolio in Colombia and top-10 position in Peru • Historical drilling success of 83% (44 discovery wells out of 53 since 2006) *Petrotech and RSP Scotia to 31/12/2009 |
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