Fuente: BNAmericas.com
South America-focused La Cortez Energy (OTC: LCTZ) plans to become the latest North American oil junior to list on Colombia's BVC stock market.
The company has previously announced its intention to join Canada's TSX venture exchange. La Cortez said in its latest company presentation that both listings could occur by year-end.
Several Colombia-focused foreign firms have listed on the BVC, includingPacific Rubiales (TSX: PRE, BVC: PREC) and Canacol Energy (TSX: CNE, BVC: CNEC).
Last month Houston American Energy (Amex: HUSA) also announced its intention to trade on the BVC citing "the growth in financial and energy markets throughout Latin America" as a motivating factor.
La Cortez is concentrating efforts on a long-term production test at the Mirto-2 well on its Maranta license in the Putumayo basin. Current production sits at 500b/d gross (101b/d net), with the company holding a 20% interest in the license in partnership with Emerald Energy (AIM: EEN).
Elsewhere in Putumayo, La Cortez plans to spud the first well on the Putumayo-4 block in the first quarter next year after concluding a new seismic program on the field.
The company also aims to restart production from the Puerto Barco and Rio de Oro fields in the Catatumbo basin this year. Gross reserves across both blocks, which are shut-in having previously been producing, are estimated at 30M-50Mboe.
La Cortez forecasts that net production from its four assets in Colombia could reach 3,000b/d by 2012, and 7,000b/d by 2014.
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