PentaNova Tiburon Phase Suspended Due to Force Majeure

(PentaNova Energy Corp., 16.Aug.2018) — PentaNova Energy Corp. says the Tiburon E&P Contract is currently in Phase 3 of the exploration period with an existing minimum work obligation to acquire 200 km of 2D seismic, which can be replaced with an equivalent minimum commitment to acquire 69.75 km2 of 3D seismic.

The phase commitment is currently suspended due to “Force Majeure and Third-Party Acts.”

The Tiburon Block currently covers an area of approximately 245,850 acres in the northern most area in the department of La Guajira, Colombia.

***

ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum.com, is a Houston-established private organization with a satellite presence in Calgary, Mexico City and Venezuela where it operates under Editores LatinPetroleum SA. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

You May Also Like

More From Author

+ There are no comments

Add yours