LLA 23 Block2019-05-31T10:04:14-06:00

LLA 23 Block

Llanos Basin Development & Exploration:  Potential successful
exploration with more running room

  • Operated (100% WI) with 115,102 net and gross acres
  • Royalties of 8% + 3% X-factor (ANH contract)
  • Stacked oil bearing reservoirs typical of Llanos Basin that exist throughout the block help facilitate high potential rate of success and provide recompletion opportunities in existing fields
  • ~53% of block evaluated by 3D; remaining 3D to be completed in 2019
  • All identified prospects are drill-ready and within close proximity to pipeline
  • Facilities and pipeline cost $30 mm in 2014/15 (100% owned)
  • 30 mbbl/d processing capacity at Pointer with 22 mbbl/d water disposal
  • Facilities to be shared with adjacent Tapir block should exploration there prove successful