Mizuho Analyst: Could you just give me some more in sense in timing on the prospect delineation, you named some of the really attractive prospects in Peru?.
Dana Coffield - President & CEO of Gran Tierra Energy
Yes, we’re looking at drilling four to five exploration wells in Peru on different independent new exploration prospects. With the first to be drilled on Block 107 in (inaudible) in the second half of next year. There is specific drilling schedule still being worked on, but it’s going to have it drilled and evaluated before year end next year.
And then the subsequent wells will follow into 2016. So that’s a very robust program, it’s independent prospects very large in size multi 100 million barrel respective of resource potential in each. What’s interesting about the Block 107 well that we’re going to drill next year is in the same sub basin on the opposite side.
Pacific Rubiales, just announced an oil discovery. So again that’s a same kitchen area, same resource rock, same rocks they will be targeting. So on centers producing the geologic risk the chance of success on our prospect, that’s very good news for us, very good news for Peru, I think it’s highlighting again the tremendous upside that Peru is presenting to company that’s now being targeted by active exploration drilling.
Source: Seeking Alpha
