Colombia - Putumayo Basin

Source: Modified from ANH land map
(1) Represents cumulative production on respective individual fields as at June 30, 2010 as reported by the ACIPET - Colombian Association of Petroleum Engineers
(2) Awarded at the June 22, 2010 Bid Round. C&C’s interest in these blocks is subject to negotiation of definitive agreements with the ANH, expected to be completed in September 2010.

The Putumayo Basin is located in southern Colombia on the Ecuador border. It is very prospective and currently an export pipeline system exists in the area with significant excess capacity available.

Management has extensive experience in the Putumayo Basin. Based on knowledge of the area and the location of the Corporation’s interests in this basin, management believes that the Corporation has the potential for discoveries leading to additional resources.

The Corporation currently participates in three Putumayo Basin blocks; the Coati block, the Andaquies block and the Putumayo-8 block.