Gulfsands expands footprint with Colombia acreage
Gulfsands Petroleum has expanded its footprint in frontier energy markets by adding new acreage in Colombia — which contains some of the globe's most promising unrisked oil & gas prospects.
Gulfsands has secured two exploration and production agreements located in the Llanos and Caguan Putumayo basins.
A consortium is now being put together to develop the exploration projects, with work expected to start within the next 12 months, including planned 2D seismic surveys.
Source: Investors Chronicle