Focused on Peru

Block 107 – Osheki Prospect Ready to be Drilled

Potential Resource

  • Osheki Structure is a sub-thrust play similar to Cusiana complex in the Llanos Foothills of Colombia
  • Mean Estimate Unrisked prospective resources of 534 MMBO
  • 2-D seismic completed with drilling permits approved
  • De-risked with new 3D Geologic Model supporting Cretaceous reservoirs with oil charge from high quality Permian source rocks

Exploration Strategy

  • Farm out process commenced in October 2018
  • Targeting first exploration well in late 2019 / early 2020

39.8 MMBO 2P Reserves with Production estimated to exceed 10,000 bopd by 2020