• In the year 2013, Contract 1-2011 was awarded to CITY PETEN. It is also an Oil & Gas Exploration and Exploitation Contract, with a 25-year term.
• The lease area is adjacent to the area of Contract 1-2006, and has an original extension of over 350,000 acres.
• Four exploratory wells have been previously drilled in this Contract Area by other companies, with promising shows and similar characteristics of hydrocarbons, as the ones found in Contract 1-2006.
• CITY PETEN is in the process of obtaining the final authorization of the Environmental Impact Study that will allow the initial exploration activities to begin.