M&A
confidence high
sentiment positive
materiality 0.60
Houston American Energy increases interest in Colombian CPO-11 block to ~16% in Venus area
ABUNDIA GLOBAL IMPACT GROUP, INC.
- Acquired additional membership interest in Hupecol Meta, LLC, which holds the 639,405-acre CPO-11 block in Llanos Basin.
- Now holds approximately 16% interest in the Venus Exploration area and ~8% in the remainder of the block.
- Two producing wells (Saturno ST1 and Venus 2A) in the Venus area; 3D seismic program planned.
- Block covers nearly 1,000 square miles with multiple leads and prospects for multi-well drilling.
- CEO cites favorable initial results and progress in permitting and operations in Colombia.