• Significant oil and gas discoveries in halo vicinity of Icacos
• High API oil identified indicating deep oil system
• Seismic and area re-interpretation planned
• Significant activity by others to prove deep reservoirs

• Significant oil and gas discoveries in halo vicinity of Icacos
• High API oil identified indicating deep oil system
• Seismic and area re-interpretation planned
• Significant activity by others to prove deep reservoirs
• 8 sq.kms onshore oilfield in SW Peninsula, 15km from Venezuela coastline
and in middle of prolific East Venezuelan oil basin
• Mature shallow oil production of 35bpd, producing since 1966 with 28 API oil
• Production enhancement program underway to lift production to ~150 bpd
• Full data re-interpretation underway to identify step change production
potential and identify “sweet spot” production zones
See Technical Details to the right