Pacific Rubiales Energy Corp. 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.