PetroNova Inc. announce that the Colombian Environmental Licenses Authority has granted PetroNova an environmental license for the Tinigua Block located in Colombia's Caguan-Putumayo Basin. The license allows PetroNova to drill a maximum of 20 exploratory wells from five different platforms, and install surface facilities for extended testing as required.
"Receiving this license is a fundamental milestone for PetroNova as it enables us to advance our exploration drilling program towards this high-impact asset within our portfolio," said Antonio Vincentelli, President and CEO of PetroNova. "With the issuance of this license, all four of PetroNova's blocks have been granted environmental licenses and are ready for exploration drilling. As we proceed with drilling in the PUT-2 Block, we continue preparatory work in the Tinigua Block in anticipation of spudding the first exploratory well on the Tinigua prospect."