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Gulfsands expands footprint with Colombia acreage

Friday, March 1, 2013

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