2010-03-11-2010-01-27-2010-01-27

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
8MM
Description

Acquired 49.5% WI in Tacacho Basin in Colombia Putumayo Basin.

Petrodorado Ltd., a subsidiary of Cap-Link Ventures Ltd., Calgary, (Toronto Venture: CAV) has acquired a 49.5% interest in the Tacacho Block in Colombia's Putumayo Basin from Pacific Rubiales Corp. in exchange for US $8 million in exploration costs.

Petrodorado will farm into the block, which covers approximately 1.48 million acres in the Eastern Cordillera of Colombia. The company will provide 100% of the costs associated with the first phase of the exploration program, a period of 24 months that includes acquiring, processing and interpreting 2-D seismic data.

The Tacacho Block is a part of a five-block joint venture in Colombia and Peru announced in November 2009 between and Petrodorado and Pacific Rubiales.

The acquisition is subject to Colombian governmental and regulatory approvals.