The Company is targeting low tax regimes with work friendly governments where the is a good chance of finding and producing oil and gas for sale into either the local or the international market. Our initial focus was Peru and then Colombia and these have proved to be attractive countries for working in to date. The competition has also recognized how attractive these countries are and now it is almost impossible to get any interesting acreage in Peru and the competition in Colombia is stifling.

Ideally we would like to add at least a third country to our portfolio, but the opportunities are so far limited.