Yes. Very good news for TLM out of Columbia......Pacific Rubiales(PRE) rec'd 2 Licences and 1 of which TLM has a 50% stake....CPE-6
November 4, 2013 6:00 AM - Financial - Oil and Gas
Pacific Rubiales receives environmental licences for the CPE-6 and Guama E&P blocks, allowing for the advancement of exploration and development activities
TORONTO, Nov. 4, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) is pleased to announce that it has received the environmental licences from the Colombian environmental authority, Autoridad Nacional de Licencias Ambientales ("ANLA"), required to advance its planned exploration and development activities in both the CPE-6 and Guama E&P blocks, located in Colombia.
The CPE-6 E&P block covers an area of approximately 593 thousand acres in the southern Llanos Basin and lies along the heavy oil trend approximately 70 kilometers southwest of the Company's operated Rubiales/Quifa SW giant oil field complex. Pacific Rubiales has a 50% working interest and is operator of the block. Talisman (Colombia) Oil and Gas Ltd., a wholly owned subsidiary of Talisman Energy Inc. (TSX: TLM) holds the remaining 50% working interest.
There have been twelve stratigraphic wells drilled on the CPE-6 block by the Company and its partner, plus an additional four wells previously drilled in the area, which confirm the presence of a significant hydrocarbon column in the Hamaca prospect. At year-end 2012, the Company booked certified net 2P reserves of 44.5 MMbbl (57.1 MMbbl gross) associated with the Hamaca prospect and working interest gross best case Prospective Resources of 137.1 MMbbl, associated with the Hamaca prospect and two additional leads in the CPE-6 block (see additional information provided below in: "Reserves and Resources").
The Guama block covers an area of approximately 184 thousand acres in the Lower Magdalena Valley Basin, approximately 100 kilometers east of the Company's La Creciente natural