(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.
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