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Oil & Gas Projects - Llanos Basin, Colombia
Brownstone's Interest
Brownstone is earning an interest in 3 blocks in the Llanos Basin:
- Block 27 - Brownstone is earning a 34.2% interest by paying 50% of the work commitments (144km2 seismic, 1 well) approximate 100% costs of US$6.48m over 3 years
- Block 21 - Brownstone is earning a 35% interest by paying 50% of the work commitments (20km2 seismic, 50km2 3D seismic, 2 wells) approximate 100% costs of US$7m over 3 years
- Block 36 - Brownstone is earning a 14% interest by paying 20% of the work commitments (93km 2D seismic, 1 well) approximate 100% costs of US$5.5m over 3 years
Brownstone has cost recovery of over 90% on payments before assuming its working interest.
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