C&C holds a 100% working interest in the Llanos 19 block which is 100,650 gross acres in size since October 2009. To date, no wells have been drilled but it is surrounded by producing fields in the central portion of the Llanos basin. 2D seismic data define at least three faults in the block, one of which is the fault that sets up the Tocaria and Morichal oil fields originally found by Elf Aquitane and currently operated by Perenco Colombia Ltd.
In addition to conventional Llanos Basin plays, management expects that the block could also contain stratigraphic traps and new reservoirs. Currently 200 km2 of 3D multifold seismic data has been completed and the Corporation expects to define several drilling locations for 2011.