| Strategies |
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Acquire Oil and Gas Assets in South America through the
Acquisition of Existing Oil and Gas Companies, and/or
Exploration, Producing and Development Assets.
▪ Enhance
Acquired Assets by Applying Latest Technology, Technical
Expertise and Capital.
▪ Build a
technically and financially strong oil and gas exploration and
production company with long-term growth potential.
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| Operations |
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High
impact international focus |
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▪ Peru
Block 102 |
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Shona
owns and operates an exploration and production
concession (Block 102) in the Maranon Basin in
Peru. The concession consists of 126,676 hectares
or 314,000 acres
adjacent to the Ecuadorian border. The
interests in the Block are held by Shona (87.5%) and Andean Oil and Gas
(12.5%). |
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▪ Colombia
Esperanza Block |
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Shona
is a 50% interest holder in the Esperanza Block in
Colombia. The Esperanza Contract (45,975 hectares
or 113,606 Acres) is located in the Lower
Magdalena Basin of Colombia and was signed between the Esperanza
Joint Venture (Unión Temporal Esperanza) and the
ANH on August 30, 2004. The
Contract effective date is August 30, 2004 and it
has a duration of 30 years, extendable to the
depletion of discovered fields, on a field by
field basis. |
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