Cap-Link Ventures' wholly owned subsidiary Petrodorado has signed a definitive agreement with Pacific Rubiales Energy Corp. (PRE) to farm-in on the Tacacho Block in Colombia. The Tacacho Block is a part of a five block joint venture previously announced on November 24, 2009 between PRE and Petrodorado in Colombia and Peru. In addition, Mr. Douglas Urch has joined Cap-Link as a Director effective January 25, 2010 following the resignation of Mr. Iftikar A. Ahmed.

Tacacho Block Petrodorado has acquired a 49.5% working interest in the Tacacho Block located in the Putumayo Basin of Colombia. In exchange, Petrodorado will provide 100% of the total investment required to complete the first phase of the minimum exploration program ("MEP") for the block, equal to US $8.0 million.

The Tacacho block measures approximately 599,000 hectares and is located in the foreland basin of the Putumayo mountain range, in the Eastern Cordillera of Colombia. The area lies along a prominent structural high that trends north northwest from Ecuador and continues through the Tacacho Block.

Tags: Cap-Link Ventures