NEGOTIATIONS & CONTRACTS

Información Histórica (2002-2007)

A. CONTRACTS SUBSCRIBED IN 2007:

B. APPROVED BY SUPREME DECREE:

C. CONTRACTS APPROVED BY PERUPETRO’S BOARD OF DIRECTORS AND AWAITING APPROVAL BY SUPREME DECREE

D. CONTRACTS UNDER NEGOTIATION

E. CONTRACTS SUBSCRIBED IN 2006

F. CONTRACTS SUBSCRIBED IN 2005

G. CONTRACTS SUBSCRIBED IN 2004

H. CONTRACTS SUBSCRIBED IN 2003

I. CONTRACTS SUBSCRIBED IN 2002

CONTRACTS SUMMARY

A. CONTRACTS SUBSCRIBED IN 2007:

B. APPROVED BY SUPREME DECREE

C. CONTRACTS APPROVED BY PERUPETRO’S BOARD OF DIRECTORS AND AWAITING APPROVAL BY SUPREME DECREE

D. CONTRACTS UNDER NEGOTIATION

E. CONTRACTS SUBSCRIBED IN 2006

F. CONTRACTS SUBSCRIBED IN 2005

G. CONTRACTS SUBSCRIBED IN 2004

H. CONTRACTS SUBSCRIBED IN 2003

I. CONTRACTS SUBSCRIBED IN 2002

AGREEMENTS SUMMARY

A. TECHNICAL EVALUATION AGREEMENTS (CET):

B. EVALUATION AGREEMENTS FOR PROMOTION (CEP)

NEGOTIATIONS & CONTRACTS

A.        CONTRACTS SUBSCRIBED IN 2007

BLOCK 127 – MARAÑON BASIN - LOON ENERGY, INC
Approved by the Board of Directors: March 29, 2007.
Supreme Decree issued: July 13, 2007.
Contract subscribed: August 21, 2007.

WORK COMMITMENT
Period	Duration	Commitment
First	24 months	450 UTE or to acquire, process and interpret 390 km. of 2D seismic lines, reprocess of 2D seismic lines and technical research
Second	18 months	450 UTE or drilling a wildcat.
Third	12 months	300 UTE or to acquire, process and interpret 300 km. of 2D seismic lines.
Fourth	18 months	510 UTE or drilling a wildcat.
Fifth	24 months	450 UTE or drilling a wildcat.

 

BLOCK XXIV – SECHURA BASIN:  EAST CAMERON PARTNERS LP., ENDEVCO EUREKA LLC. AND  UPLAND OIL & GAS ENERGY LLC.
Approved by the Board of Directors: March 29, 2007.
Supreme Decree issued: June 30, 2007
Contract subscribed: July 23, 2007.

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	117.50 UTE
Second	18 months	237.50 UTE
Third	24 months	380 UTE
Fourth	24 months	380 UTE

 

BLOCK 129 – MARAÑON BASIN - BURLINGTON RESOURCES PERU LIMITED, SUCURSAL PERUANA
Approved by the Board of Directors: February 28, 2007
Supreme Decree issued: April 24, 2007
Contract subscribed: May 24, 2007.

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	60 UTE or  1,500 km of  Aerogravimetric and Magnetometric of High Fidelity.
Second	24 months	300 UTE or register 300 km. of 2D seismic lines
Third	15 months	240 UTE or drilling a wildcat
Fourth	15 months	240 UTE or drilling a wildcat
Fifth	12 months	240 UTE or drilling a wildcat

 

BLOCK Z-38 – PROGRESO BASIN – TUMBES PROGRESO BASIN - VIETNAM AMERICAN EXPLORATION COMPANY, INC. (VAMEX)
Approved by the Board of Directors: January 19, 2007.
Supreme Decree issued: March 02, 2007.
Contract subscribed: April 12, 2007

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	460 UTE or the following: To acquire, process and interpret 2,000 km. of 2D seismic lines and, To acquire, process and interpret 1,000 km. of magnetic data and, To acquire, process and interpret 1,000 km. of gravimetric data and, d) To reprocess and interpret 1,000 km. of 2D seismic lines.
Second	18 months	730 UTE or the following: a) To acquire, process and interpret 670 square km. of 3D seismic lines, or to drill a wildcat at a depth of 4,160 mts., and, To reprocess and interpret 1,000 km. of 2D seismic lines and, To acquire, process and interpret 1,000 km. of magnetic data and, d) To acquire, process and interpret 1,000 km. of gravimetric data.
Third	24 months	1,120 UTE or the following: To drill a wildcat at a depth of 4,160 mts. and, To acquire, process and interpret 450 square km. of 3D seismic lines, or to drill a wildcat at a depth of 3,180 mts.
Fourth	24 months	860 UTE or the following: a) To drill a wildcat at a depth of 3,180 mts. and, b) To drill a wildcat at a depth of 3,000 mts.

 

BLOCK Z-34 - TALARA BASIN - GOLD OIL PERU S.A.C.
Approved by the Board of Directors: December 05, 2006.
Supreme Decree issued: February 09, 2007.
Contract subscribed: March 08, 2007

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	400 UTE or to acquire, process and interpret 2,000 km. of 2D seismic lines.
Second	12 months	400 UTE or to acquire, process and interpret 320 sq. km. of 3D seismic lines using CSEM technology and to elaborate an integral geophysical and geological report of the area.
Third	12 months	720 UTE or drilling a wildcat.
Fourth	18 months	740 UTE or drilling a wildcat.
Fifth	24 months	470 UTE or drilling a wildcat.

 

 

B. APPROVED BY SUPREME DECREE:

BLOCK 126 – UCAYALI BASIN – TRUE ENERGY INC. & NORTH AMERICAN  VANADIUM INC.
Approved by the Board of Directors: April 13, 2007
Supreme Decree issued: July 19, 2007.

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	40 UTE or to reprocess and interpret 1,000 km. of 2D seismic lines and integral geological study.
Second	24 months	500 UTE or drilling two wildcats or two appraisal wells. One vertical well will reach a depth of 2,400 mts. The other will be a horizontal well with a vertical depth of 1,500 mts. and a horizontal portion of 300 mts.
Third	24 months	250 UTE or drilling a wildcat.
Fourth	24 months	250 UTE or drilling a wildcat.

C. BLOCKS APPROVED BY PERUPETRO'S BOARD OF DIRECTORS AND EXPECTING APPROVAL BY SUPREME DECREE

None

 

D. BLOCKS UNDER NEGOTIATION

2007 BIDDING ROUND

XXII	BPZ	20.03.06
XXV	Vetra Energy Group LLC	17.07.07
Z-46	SK Corporation, Sucursal Peruana	17.07.07
Z-47	Petrovietman Exploration Production Corporation	17.07.07
Z-49	Petr-tech Peruna S.A.	17.07.07
130	Samaraneftegaz S.A.A.	17.07.07
131	Pan Andean Resources PLC	17.07.07
134	Talisman Peru Ltda, Sucursal Peruana / ECOPETROL S.A.	17.07.07
135	Pacific Stratus Energy Ltd.	17.07.07
137	Pacific Stratus Energy Ltd.	17.07.07
138	Pacific Stratus Energy Ltd.	17.07.07
141	Pan Andean Resources PLC	17.07.07
143	Hunt Oil Company (Block 76) of Perú LLC, Sucursal del Perú	17.07.07
142	OCCIDENTAL OIL & AND GAS OF PERU, Sucursal del Perú	20.07.07

 

 

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SECOND 2006 BIDDING ROUND

BLOCK XXIII  - TALARA BASIN:  BPZ ENERGY, INC.
Ander evaluation .

 

E. CONTRACTS SUBSCRIBED IN 2006

BLOCK XX – TUMBES BASIN – PETROLERA MONTERRICO S.A.
Approved by the Board of Directors: October 12, 2005.
Supreme Decree issued: January 04, 2006.
Subscribed: January 19, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	Integral evaluation of the contract area. Rehabilitating 10 wells. Reconditioning 2 wells.
Second	12 months	Rehabilitating 6 wells. Drilling 2 wells: 1 in the Zorritos field until reaching the Heath formation or 500 mts. and 1 well in the Carpitas field until reaching the Verdun Formation or 600 mts, whichever occur first.
Third	From the end of the 2nd Period to the end of contract term.	Exploitation Phase. A yearly program will be submitted for PERUPETRO’s approval.

                                          

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est.Tumbes  (PR)	03°32’59”322	80°25’45”757	9'607,610.298	563,378.600
Est. H-1Los Organos(PR)	04°10’17”247	81°07’33”211	9'538,914.280	486,027.673
1	03°39’17”058	80°38’52”712	9'596,024.039	539,094.149
2 PP	03°40’15”796	80°38’11”979	9'594,220.000	540,350.000
3	03°42’06”581	80°40’32”951	9'590,820.000	536,000.000
4	03°40’22”559	80°41’44”986	9'594,014.789	533,779.000
5	03°40’48”605	80°38’38”408	9'593,212.899	539,534.319
6	03°40’48”590	80°37’59”508	9'593,212.899	540,734.319
7 PP	03°41’30”928	80°37’59”490	9'591,912.899	540,734.319
8	03°41’30”944	80°38’38”391	9'591,912.899	539,534.319
9	03°59’19”868	80°59’23”927	9'559,100.000	501,112.378
10	03°59’19”854	80°55’09”760	9'559,100.000	508,950.000
11	04°02’02”696	80°55’09”744	9'554,100.000	508,950.000
12 PP	04°02’02”710	80°00’27”420	9'554,100.000	499,154.508

Extension ( by area)  
Zorritos Area.............. 1,764.179 ha
Cope Area..................    156.000 ha
Carpitas Area............  4,435.768 ha
                      Total  =  6,355.947 ha

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BLOCK 76 – MADRE DE DIOS BASIN - HUNT OIL COMPANY OF PERU L.L.C. 

Approved by the Board of Directors: June 30, 2005.
Supreme Decree issued: October 6, 2005.
Subscribed: May 02, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	30months	20 UTE or Geological and geophysical evaluation which would include the following: Access to geological data – wells, maps, reports and determine the need for additional geological data acquisition. Acquisition and interpretation of Remote Sensing (satellite images and aerophotography). Geologic field trip to sample and collect Reservoir and Source rocks. Stratigraphic evaluation and structural configuration. Lab analysis and reports on Reservoir and Source rocks. Reprocessing, modeling and interpretation of existing potential fields (gravimetry and megnetometry) Regional facies analysis, source rock distribution and structural development. Access and review 2D seismic data. Reprocess as required. Block time and depth structural mapping, including leads and prospects. Palinspastic reconstruction, focusing on the reservoir paleostrructural burial, structure/trap development, source rock burial history and migration. Basin gheochemical modeling Petrophysical evaluation of potential reservoir and seal units to determine reservoir quality and seal capacity.
Second	24 months	350 UTE
Third	30 months	520 UTE

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHYC		PLANE UTM
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Pto. Maldonado (PR)	12°35’37”873	69°10’37”512	8’607,755.218	480,764.941
54 (PP)	12°41’42”781	69°30’07”000	8’596,500.000	445,500.000
55	12°43’36”812	69°39’56”415	8'592,957.178	427,731.245
76	12°50’59”064	69°48’58”317	8'579,324.124	411,431.034
74	12°50’36”290	70°05’01”681	8'579,916.711	382,386.893
77	12°54’23”007	70°22’05”248	8’572,803.711	351,564.573
95	13°08’02”037	70°24’37”357	8'547,612.334	347,119.155
103	13°16’18”030	70°11’12”756	8'532,497.637	371,421.484
111	13°26’16”643	70°09’07”576	8'514,122.778	375,274.365
113	13°32’43”348	70°05’52”256	8'502,268.040	381,201.808
114	13°34’13”993	70°07’55”794	8'499,465.987	377,500.944
66	12°51’36”150	71°30’47”678	8'576,993.014	227,218.208
28	12°32’08”834	71°25’07”313	8'612,978.211	237,152.445
27	12°31’02”606	71°16’38”245	8'615,150.872	252,509.736
5	12°19’20”380	70°56’38”472	8'637,022.232	288,584.937
1	12°11’22”561	70°49’08”902	8'651,801.486	302,071.188

Extension: 14,593 Sq. Km., 3’606,076 acres.

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BLOCK 118 – UCAYALI BASIN - AMERADA  HESS
Approved by the Board of Directors: December 15, 2005.
Supreme Decree issued: March 22, 2006.
Subscribed: May 04, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	40 UTE: Reprocessing 1000 km. 2D seismic lines and a Geological Integral Study.
Second	18 months	200 UTE or to acquire 200 km of 2D seismic lines.
Third	18 months	240 UTE or drilling a wild cat.
Fourth	15 months	320 UTE or drilling a wild cat.
Fifth	15 months	250 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Tarapoto (PR)	06°30’34”672	76°23’05”459	9'280,241.367	346,867.146
43 (PP)	06°25’25”822	75°54’13”895	9’289,846.865	400,042.297
35	06°19’43”544	75°54’13”296	9’300,358.492	400,042.297
1	05°55’40”473	76°17’25”671	9’344,591.100	357,148.864
5	05°55’44”932	75°32’29”104	9’344,591.100	440,070.670
20	06°11’33”347	75°32’30”049	9’315,467.230	440,070.670
24	06°11’34”279	74°51’49”606	9’315,467.230	515,070.670
80	07°00’02”135	74°51’48”811	9’226,174.810	515,070.670
77	07°00’01”800	75°19’33”319	9’226,174.810	464,000.000
72	06°52’04”009	75°19’32”991	9’240,846.868	464,000.000

Extension   =  988,023.237 ha

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BLOCK 119 – UCAYALI BASIN – AMERADA HESS
Approved by the Board of Directors: December 15, 2005.
Supreme Decree issued: March 22, 2006.
Subscribed: May 04, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	40 UTE: Reprocessing 1000 km. 2D seismic lines and a Geological Integral Study.
Second	18 months	200 UTE or to acquire 200 km of 2D seismic lines.
Third	18 months	240 UTE or drilling a wild cat.
Fourth	15 months	320 UTE or drilling a wild cat.
Fifth	15 months	250 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Pucallpa (PR)	08°22’24”378	74°31’29”761	9'074,375.668	552,305.825
95 (PP)	08°19’33”033	74°54’33”067	9’079,668.049	510,000.000
92	08°19’32”563	75°20’04”163	9’079,668.049	463,167.700
78	07°58’01”873	75°20’03”092	9’119,304.980	463,167.700
76	07°58’00”137	75°42’54”928	9’119,304.980	421,167.700
75	07°54’41”381	75°42’54”584	9’125,409.050	421,167.700
57	07°38’21”855	75°39’18”436	9’155,501.920	427,739.790
51	07°31’37”367	75°39’17”824	9’167,923.980	427,739.790
44	07°25’28”134	75°42’54”188	9’179,252.990	421,090.160
25	07°09’52”712	75°35’19”217	9’208,000.000	435,000.000
6	07°02’17”751	75°19’33”414	9’222,000.000	464,000.000
1	07°00’01”800	75°19’33”319	9’226,174.810	464,000.000
2	07°00’02”041	75°12’28”844	9’226,174.810	477,023.910
16	07°07’31”439	75°12’29”045	9’212,374.690	477,023.910
17	07°07’31”502	75°09’52”559	9’212,374.690	481,823.950
15	07°06’06”540	75°09’52”529	9’214,983.710	481,823.950
9	07°04’19”412	75°07’29”061	9’218,274.740	486,223.990
8	07°03’53”371	75°07’29”054	9’219,074.401	486,223.990
7	07°03’53”327	75°09’52”481	9’219,074.401	481,823.950
3	07°00’02”103	75°09’52”400	9’226,174.810	481,823.950
5	07°00’02”135	74°51’48”811	9’226,174.810	515,070.670
27	07°11’17”546	74°51’48”613	9’205,434.320	515,070.670
26	07°11’17”619	74°59’41”393	9’205,434.320	500,570.670
34	07°17’09”481	74°59’41”389	9’194,629.320	500,570.670
33	07°17’09”452	75°05’10”358	9’194,629.320	490,483.464
49	07°30’31”493	75°05’10”514	9’170,000.000	490,483.464
50	07°30’31”524	75°00’00”000	9’170,000.000	500,000.000
62	07°41’22”808	75°00’00”000	9’150,000.000	500,000.000
64	07°41’22”774	74°54’33”573	9’150,000.000	510,000.000

Extension   =  960,489.984 ha

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BLOCK120 – UCAYALI BASIN - AMERADA HESS
Approved by the Board of Directors: December 15, 2005.
Supreme Decree issued: March 22, 2006.
Subscribed: May 04, 200

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	30 UTE: Reprocessing 500 km. 2D seismic lines and a Geological Integral Study.
Second	18 months	200 UTE or to acquire 200 km of 2D seismic lines.
Third	18 months	240 UTE or drilling a wild cat.
Fourth	15 months	320 UTE or drilling a wild cat.
Fifth	15 months	250 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Pucallpa (PR)	08°22’24”378	74°31’29”761	9'074,375.668	552,305.825
80 (PP)	08°29’58”910	74°16’16”079	9’060,373.232	580,224.957
94	08°38’07”311	74°16’15”149	9’045,373.232	580,224.957
93	08°38’08”400	74°27’09”498	9’045,373.232	560,224.957
106	08°44’52”474	74°27’08”912	9’032,963.462	560,224.957
101	08°44’53”366	75°20’05”487	9’032,963.462	463,167.700
48	08°19’32”563	75°20’04”163	9’079,668.049	463,167.700
49	08°19’32”719	75°16’40”411	9’079,668.049	469,400.000
69	08°25’37”421	75°16’40”670	9’068,468.050	469,400.000
68	08°25’37”348	75°18’18”774	9’068,468.050	466,400.000
83	08°30’56”459	75°18’19”025	9’058,668.050	466,400.000
84	08°30’56”574	75°15’42”023	9’058,668.050	471,200.000
78	08°29’18”886	75°15’41”956	9’061,668.050	471,200.000
79	08°29’18”949	75°14’03”836	9’061,668.050	474,200.000
70	08°26’36”136	75°14’03”738	9’066,668.050	474,200.000
71	08°26’36”173	75°12’58”332	9’066,668.050	476,200.000
62	08°24’42”204	75°12’58”269	9’070,168.050	476,200.000
63	08°24’42”222	75°12’25”569	9’070,168.050	477,200.000
60	08°23’53”377	75°12’25”543	9’071,668.050	477,200.000
61	08°23’53”397	75°11’46”304	9’071,668.050	478,400.000
50	08°19’32”895	75°11’46”174	9’079,668.049	478,400.000
52	08°19’33”033	74°54’33”067	9’079,668.049	510,000.000
1	07°44’05”594	74°54’33”539	9’145,000.000	510,000.000
2	07°44’05”412	74°46’23”850	9’145,000.000	525,000.000
5	07°52’13”867	74°46’23”517	9’130,000.000	525,000.000
6	07°52’13”523	74°38’13”745	9’130,000.000	540,000.000
11	07°57’39”154	74°38’13”460	9’120,000.000	540,000.000
13	07°57’37”740	74°19’24”688	9’120,000.000	574,558.860
14	08°00’13”313	74°19’24”432	9’115,222.180	574,558.860
15	08°00’12”737	74°13’55”561	9’115,222.180	584,627.010
27	08°06’50”865	74°13’54”810	9’102,994.870	584,627.010
28	08°06’50”317	74°09’18”071	9’102,994.870	593,097.060
35	08°12’40”851	74°09’17”334	9’092,229.030	593,097.060
37	08°12’38”991	73°56’12”639	9’092,229.030	617,109.047
82	08°29’56”133	73°56’09”830	9’060,373.232	617,109.047

Extension   =   975,022.977 ha

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BLOCK XXI – SECHURA BASIN – GOLD OIL PLC.
Contract approved by the Board of Directors: December 15, 2005.
Supreme Decree issued: April 19, 2006
Subscribed: May 04, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	15 months	60 UTE or Acquisition, processing and interpretation of 120km 2D seismic lines
Second	15 months	80 UTE or drilling a wild cat.
Third	18 months	80 UTE or drilling a wild cat.
Fourth	18 months	80 UTE or drilling a wild cat.
Fifth	18 months	80 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Cruz de Caña (PR)	05°07’32”035	80°20’36”772	9'433,412.406	572,761.000
5 o (PP)	05°03’57”400	80°18’51”804	9’440,000.000	576,000.000
94	05°57’39”894	80°18’48”103	9’341,043.000	576,000.000
92	05°57’40”474	80°27’28”485	9’341,043.000	560,000.000
86	05°52’48”789	80°27’28”769	9’350,000.000	560,000.000
85	05°52’48”940	80°30’11”367	9’350,000.000	555,000.000
72	05°41’57”632	80°30’11”936	9’370,000.000	555,000.000
71	05°41’57”887	80°35’37”032	9’370,000.000	545,000.000
62	05°36’32”227	80°35’37”260	9’380,000.000	545,000.000
61	05°36’32”334	80°38’19”784	9’380,000.000	540,000.000
1	05°03’58”345	80°38’20”927	9’440,000.000	540,000.000

Extension   =   303,331.200 ha

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BLOCK 117 – MARAÑON BASIN – PETROBRAS ENERGIA PERU S.A.
Approved by the Board of Directors: January 11, 2006.
Supreme Decree issued: March 22, 2006
Subscribed: May 16, 2006 .

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	20 UTE or Geological and Geophysical studies.
Second	24 months	550 UTE or to acquire, process and interpret 550 km of 2D seismic lines.
Third	24 months	280 UTE or drilling a wild cat.
Fourth	24 months	280 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC			PLANE U.T.M.
Point	South Latitude		West Longitude	North Mts	East Mts
Est. Chambira (PR)	01°53’33”775	75°00’20”447		9'790,795.050	499,368.306
96 (PP)	01°32’16”858	75°10’06”191		9'830,000.000	481,268.750
70	01°05’08”375	75°10’06”082		9'880,000.000	481,268.750
69	01°05’08”365	75°12’47”865		9'880,000.000	476,268.750
63	00°58’21”245	75°12’47”838		9'892,500.000	476,268.750
38	00°32’45”799	74°24’57”126		9'939,640.657	565,000.000
100	01°32’16”593	74°24’56”468		9'830,000.000	565,000.000

Extension  =  1’368,525.123 ha

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BLOCK 121 – MARAÑON BASIN – BARRET RESOURCES (PERU) CORP., SUCURSAL DEL PERU
Approved By the Board of Directors: March 01, 2006
Supreme Decree issued: May 24, 2006
Subscribed: July 14, 2006.

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	30 UTE or reprocessing 50 km of 2D seismic lines, reprocessing the whole aerogravimetric and aeromagnetometric existing data in the contract area and Integral geological study of the area.
Second	24 months	200 UTE or to acquire 200 km of 2D seismic lines.
Third	12 months	250 UTE or drilling a wildcat.
Fourth	12 months	250 UTE or drilling a wildcat.
Fifth	12 months	250 UTE or drilling a wildcat.
Sixth	12 months	250 UTE or drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Chambiral (PR)	01°53’33”775	75°00’20”447	9'790,795.050	499,368.306
AREA “A“
24 (P.P.)	01°32’16”858	75°10’06”191	9'830,000.000	481,268.750
23	01°32’16”798	75°18’54”499	9'830,000.000	464,943.947
22	01°31’04”435	75°17’14”067	9'832,222.255	468,047.023
15	01°18’38”974	75°26’04”328	9'855,108.300	451,657.280
16	01°21’47”121	75°30’25”462	9'849,329.825	443,588.400
14 (Hito Km 29.4)	01°17’39”00	75°29’17”00	9’856,948.675	445,702.599
3 (Hito Km 13)	01°02’51”00	75°25’13”00	9’884,215.252	453,239.106
2	00°58’21”245	75°12’47”838	9'892,500.000	476,268.750
6	01°05’08”365	75°12’47”865	9'880,000.000	476,268.750
7	01°05’08”375	75°10’06”082	9'880,000.000	481,268.750
AREA “B”
42 (P.P.)	01°52’23 870	74°59’18 930	9'792,941.280	501,268.750
25	01°32’16”880	74°59’18”940	9'830,000.000	501,268.750
29	01°32’16”593	74°24’56”468	9'830,000.000	565,000.000
35	01°42’44”278	74°24’56”287	9’810,726.920	565,000.000
30	01°36’54”909	74°37’04”559	9’821,459.665	542,499.695
46	02°01’04”414	74°48’31”511	9’776,957.606	521,268.750

Extension  = 351,933.163 ha

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BLOCK 114 – UCAYALI  BASIN – PAN ANDEAN RESOURCE PLC (PERU), SUCURSAL DEL PERU and CONSULTORA DE PETROLEO S.A.

Approved By the Board of Directors: April 26, 2006
Supreme Decree issued: June 23, 2006.
Subscribed: July14, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	40 UTE or Integral geological / geophysical evaluation of the contract area, including selection of the available information, interpretation and generation of maps for the target horizons and interpreting 1,000 km 2D seismic lines.
Second	18 months	150 UTE or to acquire, process and interpret 150 km of 2D seismic lines.
Third	24 months	260 UTE or drilling a wildcat.
Fourth	24 months	260 UTE or drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Pucallpa  (PR)	08°22’24”378	74°31’29”761	9'074,375.668	552,308.825
1 (PP)	08°29’58”910	74°16’16”079	9'060,373.232	580,224.957
4	08°29’54”895	73°49’00”921	9'060,373.232	630,224.957
23	08°46’11”563	73°48’57”877	9'030,373.232	630,224.957
22	08°46’13”282	73°58’46”929	9'030,373.232	612,224.957
68	09°37’46”137	73°58’38”055	8'935,373.232	612,224.957
67	09°37’48”066	74°10’39”787	8'935,373.232	590,224.957
74	09°49’58”762	74°10’37”999	8’912,929.773	590,224.957
73	09°49’59”861	74°18’50”409	8’912,929.773	575,224.957
60	09°29’40”763	74°18’52”877	8’950,373.232	575,224.957
58	09°29’42”102	74°32’32”769	8’950,373.232	550,224.957
41	09°07’59”689	74°32’34”463	8’990,373.232	550,224.957
40	09°08’00”000	74°37’03”936	8’990,373.232	542,000.000
28	08°54’25”971	74°37’04”792	9’015,373.232	542,000.000
30	08°54’25”225	74°27’08”067	9’015,373.232	560,224.957
8	08°38’08”400	74°27’09”498	9’045,373.232	560,224.957
10	08°38’07”311	74°16’15”149	9’045,373.232	580,224.957

Extension    =   770,727.581 ha

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BLOCK Z-36 – SALAVERRY BASIN – PETROTECH PERUANA

Approved By the Board of Directors: April 26, 2006
Supreme Decree issued: June 23, 2006.
Subscribed: July14, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	400 UTE or to acquire, process and interpret 2,000 km of 2D seismic lines.
Second	18 months	200 UTE or to acquire, process and interpret 200 sq km of 3D seismic lines.
Third	12 months	360 UTE or drilling a wildcat.
Fourth	24 months	360 UTE or drilling a wildcat.
Fifth	12 months	360 UTE or drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Chimbote BSE(PR)	09°11’09”284	78°27’52”483	8’983,597.737	778,632.487
3 (PP)	09°05’15”102	78°33’18”431	8’994,553.597	768,750.330
82	10°37’15”305	77°50’24”297	8’824,163.076	845,813.409
94	10°53’36”007	77°50’14”073	8’793,995.690	845,813.409
91	10°53’49”269	78°13’01”016	8’793,995.690	804,260.229
75	10°31’17”958	78°13’13”351	8’835,548.870	804,260.229
74	10°31’20”443	78°18’00”635	8’835,548.870	795,518.319
69	10°23’34”577	78°18’04”662	8’849,873.150	795,518.319
67	10°23’46”372	78°43’24”552	8’849,873.150	749,259.120
52	10°10’11”776	78°43’30”387	8’874,911.720	749,259.120
51	10°10’12”905	78°46’14”584	8’874,911.720	744,258.980
40	09°56’38”270	78°46’20”169	8’899,950.310	744,258.980
41	09°56’36”932	78°43’01”650	8’899,950.310	750,308.550
21	09°31’06”943	78°43’12”035	8’946,976.800	750,308.550
20	09°31’08”629	78°47’34”235	8’946,976.800	742,308.370
12	09°19’12”808	78°47’38”781	8’968,977.110	742,308.370
11	09°19’14”904	78°53’24”566	8’968,977.110	731,752.480
1	09°05’22”661	78°53’29”501	8’994,553.597	731,752.480

Extension   =   999,995.388 ha

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BLOCK 123 – MARAÑON BASIN – BURLINGTON RESOURCES PERU LIMITED, SUCURSAL PERUANA

Approved by the Board of Directors: May 31, 2006
Supreme Decree issued: August 18, 2006
Contract subscribed: September 29, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	80 UTE or Integral geological study and to acquire 3,000 km of aerogravimetry and aeromagnetometry.
Second	24 months	600 UTE or to acquire 600 km of 2D seismic lines.
Third	15 months	300 UTE or drilling a wild cat.
Fourth	15 months	300 UTE or drilling a wild cat.
Fifth	12 months	300 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Chambiral (PR)	01°53’33”775	75°00’20”447	9’790,795.050	499,368.306
1 (PP)	02°14’25”256	74°17’34”350	9’752,351.202	578,630.671
10	02°24’43”045	73°54’23”024	9’724,140.171	621,588.375
30	02°53’55”855	74°09’35”279	9’679,549.259	593,381.460
33	02°56’42”890	74°05’12”197	9’674,413.707	601,500.000
109	03°53’57”979	74°05’08”943	9’568,928.414	601,500.000
105	03°53’59”602	74°43’06”987	9’568,928.414	531,241.280
104	03°51’34”873	74°43’07”035	9’573,372.330	531,241.280
103	03°51’34”979	74°49’47”860	9’573,372.330	518,879.210
87	03°36’47”908	74°49’48”031	9’600,609.480	518,879.210
85	03°36’47”958	75°03’49”012	9’600,609.480	492,935.000
55	03°14’24”963	75°03’48”923	9’641,845.126	492,935.000
64	03°19’43”701	75°00’59”573	9’632,058.740	498,161.637
62	03°18’27”788	74°52’56”335	9’634,388.832	513,074.225
48	03°10’37”294	74°55’27”381	9’648,835.402	508,414.041
47	03°10’22”126	74°59’28”969	9’649,301.420	500,957.747
34	03°00’22”511	75°01’29”748	9’667,712.000	497,229.600
38	03°00’21”805	74°20’48”930	9’667,712.000	572,576.000
23	02°44’02”808	74°20’49”486	9’697,773.000	572,576.000
22	02°44’03”115	74°31’42”291	9’697,773.000	552,419.000
15	02°34’38”970	74°31’42”505	9’715,095.000	552,419.000
16	02°36’51”978	74°28’17”224	9’711,008.479	558,756.592

Extensión   =   1’256,259.297 ha

BLOCK 124 – MARAÑON BASIN – BURLINGTON RESOURCES PERU LIMITED, SUCURSAL PERUANA

Approved by the Board of Directors: May 31, 2006
Supreme Decree issued: August 18, 2006
Contract subscribed: September 29, 2006

 

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	80 UTE or Integral geological study and to acquire 3,000 km of aerogravimetry and aeromagnetometry.
Second	24 months	500 UTE or to acquire 500 km of 2D seismic lines.
Third	15 months	300 UTE or drilling a wild cat.
Fourth	15 months	300 UTE or drilling a wild cat.
Fifth	12 months	300 UTE or drilling a wild cat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Iquitos (PR)	03°43’52”911	73°14’18”097	9'587,365.988	695,652.118
61 (PP)	04°04’40”705	73°34’03”755	9’549,107.469	659,000.000
90	04°23’48”267	73°34’01”643	9’513,860.705	659,000.000
85	04°23’52”472	74°23’52”472	9’513,860.705	562,166.599
64	04°06’18”022	74°26’23”741	9’546,238.969	562,166.599
62	04°06’18”552	74°43’06”735	9’546,238.969	531,241.280
36	03°53’59”602	74°43’06”987	9’568,928.414	531,241.280
40	03°53’57”979	74°05’08”943	9’568,928.414	601,500.000
1	02°56’42”890	74°05’12”197	9’674,413.707	601,500.000
8	03°12’28”771	73°40’21”309	9’645,317.302	647,497.062
32	03°50’19”640	73°40’18”089	9’575,573.000	647,497.062
42	03°54’28”215	73°41’40”476	9’567,942.539	644,943.664
59	04°04’41”377	73°40’34”816	9’549,107.469	646,938.826

Extension    =    994,986.603 ha

BLOCK 122 – MARAÑON BASIN – GRAN TIERRA CORPORATION

Approved by the Board of Directors: June 14, 2006
Supreme Decree issued: September 26, 2006
Subscribed: November 03, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	100 UTE or to acquire 5,000 km of aerogravimetry and aeromagnetometry.
Second	24 months	500 UTE or to acquire 500 km of 2D seismic lines.
Third	24 months	230 UTE or drilling a wildcat.
Fourth	18 months	150 UTE or drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
EST. IQUITOS (PR)	03°43’52”911	73°14’18”097	9’587,365.988	695,652.118
48 (PP)	03°56’13”628	73°09’48”822	9’564,594.000	703,913.412
47	03°56’15”280	73°23’04”016	9’564,594.000	679,379.646
43	03°51’54”854	73°23’31”533	9’572,595.077	678,546.005
42	03°50’51”685	73°25’03”170	9’574,540.677	675,722.342
36	03°47’29”064	73°25’28”136	9’580,765.830	674,963.456
41	03°50’50”787	73°38’02”554	9’574,609.784	651,676.890
37	03°48’30”364	73°40’18”258	9’578,929.182	647,497.062
1	03°05’05”565	73°40’21”870	9’658,929.182	647,497.062
4	03°05’02”837	73°09’54”820	9’658,929.182	703,913.412

              
Extension  = 492,766.073 ha

BLOCK 125 – HUALLAGA BASIN – BARRET RESOURCES (PERU) LLC, SUCURSAL DEL PERU

Approved by the Board of Directors: October 25, 2006.
Supreme Decree issued: November 27, 2006
Subscribed: December 12, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	20 UTE or integral study of the North Huallaga basin structural style, including the reprocessing of around 300 km of 2D seismic lines.
Second	18 months	200 UTE or to acquire 200 km of 2D seismic lines.
Third	12 months	250 UTE or drilling a wildcat.
Fourth	12 months	250 UTE or drilling a wildcat.
Fifth	12 months	250 UTE or drilling a wildcat.
Sixth	18 months	250 UTE or drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Tarapoto (PR)	06°30’34”850	76°22’00”358	9'280,241.364	348,867.163
48 (PP)	06°36’49”712	76°23’49”127	9’268,717.914	345,557.668
78	06°58’42”258	76°23’52”918	9’228,400.892	345,557.668
73	06°58’30”871	77°13’21”036	9’228,400.892	254,438.668
27	06°16’44”631	77°13’09”818	9’305,418.892	254,438.668
1	05°42’35”653	77°29’03”134	9’368,262.437	224,836.766
4	05°42’42”163	77°01’23”673	9’368,262.437	275,919.274
31	06°19’26”767	76°43’29”773	9’300,644.080	309,182.128

Extension   =   950,927.857 ha

BLOCK 116 - SANTIAGO BASIN – HOCOL PERU S.A.C.

Approved by the Board of Directors: September 21, 2006.
Supreme Decree issued: November 27, 2006
Subscribed: December 12, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	15 months	44 UTE or reprocessing 1,200 km of 2D seismic lines and an integral geological study of the area.
Second	12 months	200 UTE or to acquire, process and interpret 200 km of 2D seismic lines.
Third	15 months	240 UTE or to acquire, process and interpret 240 km of 2D seismic lines.
Fourth	15 months	100 UTE or drilling a 1,000 meters depth wildcat.
Fifth	15 months	100 UTE or drilling a 1,000 meters depth wildcat.
Sixth	12 months	400 UTE or drilling a 3,000 meters depth wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. San Lorenzo (PR)	04°49’42”219	76°33’08”870	9'466,102.477	327,830.908
67 (PP)	04°29’46”985	77°29’54”066	9’502,524.590	222,747.617
65	04°30’37”924	77°42’23”517	9’500,876.393	199,634.298
83	04°46’37”720	77°49’23”783	9’471,320.881	186,786.251
87	04°52’06”448	77°49’48”401	9’461,211.836	186,069.006
84	04°52’02”146	78°06’03”858	9’461,211.836	155,984.158
72	04°35’46”028	78°16’54”211	9’491,137.763	135,780.278
52	04°18’50”745	78°11’02”324	9’522,409.091	146,504.960
33	04°00’00”090	77°59’53”160	9’557,256.900	167,029.143
17	03°45’24”087	77°57’53”917	9’584,203.520	170,616.758
18	03°45’25”152	77°52’36”823	9’584,203.520	180,410.301
6	03°27’05”505	77°48’51”373	9’618,030.856	187,268.388
1	03°14’09”369	77°48’49”159	9’641,890.437	187,268.388
2	03°14’10”409	77°42’29”064	9’641,890.437	199,012.618
5	03°25’16”663	77°42’30”885	9’621,410.633	199,012.618
12	03°34’45”375	77°35’39”673	9’603,965.936	211,762.985
22	03°45’24”083	77°34’01”590	9’584,343.652	214,848.348
23	03°45’24”827	77°29’45”745	9’584,343.652	222,747.617

Extension:  853,381.655 ha

BLOCK 128 – MARAÑON BASIN – GRAN TIERRA RNERGY INC., SUCURSAL DEL PERU

Approved by the Board of Directors: October  25, 2006.
Supreme Decree issued: November 27, 2006

Subscribed: December 12, 2006

WORK COMMITMENT
Period	Duration	Commitment
First	15 months	100 UTE or to acquire 5,000 km. of aerogravimetry and aeromagnetometry.
Second	24 months	230 UTE or drilling a wildcat.
Third	24 months	230 UTE or drilling a wildcat.
Fourth	21 months	150 UTE or drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Iquitos (PR)	03°43’52”911	73°14’18”097	9'587,365.988	695,652.118
1	03°46’03”979	73°09’50”130	9’583,322.673	703,913.412
6	03°45’55”951	72°18’32”622	9’583,322.673	798,913.412
68	04°37’10”227	72°18’22”095	9’488,822.673	798,913.412
61	04°37’20”082	73°09’42”941	9’488,822.673	703,913.412

Extension   =   897,750.00 ha

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F. CONTRACTS SUBSCRIBED IN 2005

BLOCK 95 - MARAÑON BASIN – HARKEN DEL PERU
Contract was subscribed on April 7, 2005.

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	A technical study involving technical, economical, marketing, regulation and environmental aspects regarding the development of the block (includes the EIA).
Second	12 months	90 UTE or acquisition, processing and interpretation of 4,500 km of arerogravimetry
Third	24 months	400 UTE or drilling a wild cat
Fourth	12 months	225 UTE or acquisition, processing and interpretation of 75 km2 of 3D seismic.
Fifth	12 months	400 UTE or drilling a wild cat
Sixth	12 months	400 UTE or drilling a wild cat

 

BLOCK COORDINATES - DATUM:  PSAD 56
	GEOGRAPHIC		PLANE UTM
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Rio Blanco PR)	05º38’07”720	73º52’40”970	9'376,963.911	624,258.607
23 o (PP)	05°40’01”269	73°59’35”448	9’373,500.000	611,500.000
49	06°16’35”281	73°32’08”308	9’306,000.000	662,000.000
44	06°07’59”272	74°10’06”791	9’322,000.000	592,000.000
14	05°28’34”325	74°23’27”921	9’394,655.855	567,453.263
1	05°06’16”283	74°01’28”275	9’435,693.780	608,128.238
2	05°06’16”114	73°59’38”780	9’435,693.780	611,500.000

Extension:   515,731.131 ha

BLOCK 104 - MARAÑON BASIN – BURLINGTON RESOURCES
Contract was subscribed on April 28, 2005.

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	Reprocessing 1000 km of 2D seismic lines, scanning and digitalizing 1500 km of 2D seismic lines, scanning and digitalizing the existing gravimetric and magnetometric information, or 20 UTE
Second	18 months	Acquisition, processing and interpretation of 200 km of 2D seismic lines or 200 UTE
Third	12 months	Drilling a wild cat  or 437 UTE
Fourth	12 months	Drilling a wild cat  or 437 UTE
Fifth	12 months	Drilling a wild cat  or 350 UTE
Sixth	12 months	Drilling a wild cat  or 350 UTE

                                   

BLOCK COORDINATES - DATUM:  PSAD 56
	GEOGRAPHIC		PLANE   U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
INNER BORDER
75	03°06’16”118	75°46’45”259	9’656,823.000	413,410.560
76	03°06’16”406	75°39’44”116	9’656,823.000	426,410.560
90	03°14’41”191	75°39’44”437	9’641,323.000	426,410.560
89	03°14’40”889	75°46’45”638	9’641,323.000	413,410.560
OUTER BORDER
Est. Andoas (PR)	02°48'11"790	76°27’02”660	9'690,048.119	338,737.207
58 o (PP)	02°56’50”110	76°21’33”575	9’674,141.409	348,919.605
44	02°50’08”722	76°13’03”556	9’686,486.609	364,654.805
60	02°58’41”537	76°06’24”306	9’670,750.609	376,998.967
36	02°45’17”505	75°49’25”071	9’695,467.609	408,448.941
6	02°28’12”026	76°02’43”726	9’726,939.609	383,760.617
2	02°21’29”943	75°54’14”345	9’739,298.109	399,485.604
15	02°30’02”650	75°47’35”006	9’723,562.109	411,829.766
13	02°28’53”502	75°46’04”027	9’725,687.073	414,638.385
8	02°27’41”115	75°44’05”080	9’727,911.910	418,310.818
16	02°31’27”747	75°40’37”487	9’720,956.360	424,725.878
21	02°34’18”485	75°44’14”131	9’715,710.000	418,038.148
35	02°42’51”179	75°37’34”671	9’699,974.000	430,382.310
31	02°40’00”425	75°33’58”007	9’705,220.358	437,070.039
27	02°35’44”090	75°37’17”761	9’713,088.275	430,897.853
22	02°34’16”147	75°35’30”210	9’715,790.196	434,217.903
9	02°28’13”600	75°30’55”304	9’726,925.872	442,702.991
17	02°31’02”952	75°27’06”994	9’721,728.525	449,755.773
1	02°17’15”082	75°16’18”968	9’747,153.005	469,763.001
12	02°28’50”448	75°01’38”882	9’725,805.573	496,946.286
43	02°49’39”168	75°03’48”837	9’687,465.000	492,935.000
108	03°25’55”752	75°03’48”968	9’620,635.000	492,935.000
107	03°25’55”675	75°12’43”873	9’620,635.000	476,430.000
115	03°31’18”852	75°12’43”945	9’610,712.000	476,430.000
114	03°31’18”707	75°20’46”042	9’610,712.000	461,555.690
112	03°29’48”624	75°20’46”009	9’613,478.000	461,555.690
113	03°29’48”680	75°18’03”957	9’613,478.000	466,555.690
95	03°16’47”039	75°18’03”716	9’637,478.000	466,555.690
94	03°16’46”879	75°25’24”470	9’637,478.000	452,953.440
97	03°17’52”015	75°25’24”498	9’635,478.000	452,953.440
96	03°17’51”942	75°28’06”514	9’635,478.000	447,953.440
118	03°33’14”996	75°28’06”963	9’607,135.380	447,953.440
116	03°33’14”028	75°50’41”773	9'607,135.380	406,152.190
67	03°01’30”321	75°50’40”170	9'665,593.490	406,152.190
63	03°01’27”815	76°29’20”049	9’665,593.490	334,526.490
62	03°01’16”099	76°29’20”037	9’665,953.597	334,526.490
61	03°00’00”001	76°25’29”236	9’668,300.000	341,650.000

Extension:  1’092,132.217 ha.

BLOCK 106 -  MARAÑON BASIN – PETROLIFERA PETROLEUM
Contract subscribed on July 12, 2005

WORK COMMITMENT
Period	Duration	Commitment
1er.	24 months	Reprocessing the 2D existing seismic in the area.
2nd.	12 months	Acquisition of 100 km. 2D seismic
3rd.	12 months	Drilling one exploratory well.
4th.	12 months	Acquisition of 100 km. 2D seismic.
5th.	12 months	Drilling one exploratory well.
6th.	12 months	Acquisition of 100 km. 2D seismic.

                                  

BLOCK COORDINATES - DATUM:   (PSAD 56)
	GEOGRAPHIC		PLANE UTM.
Point	South Latitude	West Longitude	North Mts.	East Mts.
INNER BORDER
Este PVS N° 308 (P.R.)	03°07’25”236	75°40’26”642	9’654,708.660	425,099.210
3 (P.P.)	03°31’18”707	75°20’46”042	9’610,712.000	461,555.690
4	03°31’18”852	75°12’43”945	9’610,712.000	476,430.000
1	03°25’55”675	75°12’43”873	9'620,635.000	476,430.000
2	03°25’55”752	75°03’48”968	9'620,635.000	492,935.000
9	03°36’47”958	75°03’49”012	9’600,609.480	492,935.000
11	03°36’47”908	74°49’48”031	9’600,609.480	518,879.210
25	03°51’34”979	74°49’47”860	9’573,372.330	518,879.210
26	03°51’34”873	74°43’07”035	9’573,372.330	531,241.280
65	04°32’33”437	74°43’06”153	9’497,881.725	531,241.280
80	04°47’34”095	75°20’48”040	9’470,223.210	461,555.690
33	04°00’40”959	75°20’46”739	9’556,602.000	461,555.690
34	04°00’41”063	75°16’11”559	9’556,602.000	470,041.190
28	03°52’16”258	75°16’11”396	9’572,102.000	470,041.190
27	03°52’16”158	75°20’46”530	9’572,102.000	461,555.690
OUTER BORDER
17	03°45’27”127	75°07’17”258	9’584,668.000	486,512.810
19	03°45’27”144	74°55’07”803	9’584,668.000	509,012.810
32	03°57’39”934	74°55’07”733	9’562,168.000	509,012.810
31	03°57’39”916	75°07’17”362	9’562,168.000	486,512.810

Extension  =  809,777.097 ha

BLOCK 58 - UCAYALI BASIN – PETROBRAS ENERGIA PERU
Contract subscribed on July 12, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	24 months	32 UTE or reprocessing 600 km of 2D seismic lines and performing geological studies.
Second	24 months	220 UTE or Acquisition and interpretation of 220 km of 2D seismic lines.
Third	18 months	Drilling a wild cat  or 200 UTE
Fourth	18 months	Drilling a wild cat  or 200 UTE

BLOCK COORDINATES - DATUM:  PSAD 56
	GEOGRAPHIC		PLANE UTM
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Camunashiari (PR)	11°54’36”914	72°56’36”244	8’682,525.199	724,006.527
60  o (PP)	11°58’39”267	72°51’04”173	8’675,000.000	734,000.000
61	11°58’37”307	72°46’52”558	8’675,000.000	741,615.000
70	12°01’20”773	72°45’53”749	8’669,961.000	743,354.000
86	12°06’46”080	72°45’51”051	8’659,961.000	743,354.000
95	12°09’30”422	72°47’42”732	8’654,937.000	739,935.000
92	12°09’34”998	72°57’38”740	8’654,937.000	721,910.000
107	12°17’48”189	72°57’34”957	8’639,778.000	721,910.000
104	12°17’52”476	73°07’34”017	8’639,778.000	703,804.000
87	12°07’52”904	73°17’27”314	8’658,322.000	685,991.000
42	11°53’26”039	73°17’32”780	8’684,961.000	685,991.000
41	11°53’28”319	73°24’01”881	8’684,961.000	674,215.000
1	11°37’10”742	73°24’07”522	8’715,000.000	674,215.000
3	11°37’06”715	73°12’41”434	8’715,000.000	695,000.000
32	11°47’48”607	72°51’09”277	8’695,000.000	734,000.000

Extension  =   340,133.717 ha

BLOCK 107 - UCAYALI BASIN – PETROLIFERA PETROLEUMContract subscribed on September 01, 2005.

WORK COMMITMENT
Period	Duration	Commitment
1er.	24 months	Studies related to geological and geochemical interpretations.
2nd.	24 months	Acquisition of 200 km. 2D seismic
3rd.	24 months	Acquisition of 200 km. 2D seismic or drilling one exploratory well.
4th.	12 months	Drilling one exploratory well.

                       

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE UTM
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Pucallpa (PR)	08°22’24”378	74°31’29”761	9’074,375.668	552,305.825
4 (PP)	07°58’01”873	75°20’03”092	9’119,304.980	463,167.700
58	09°17’10”708	75°20’07”274	8’973,465.260	463,167.700
76	09°36’38”555	74°59’27”192	8’937,616.320	501,000.000
84	09°43’29”349	74°59’27”180	8’925,000.077	501,000.000
85	09°42’34”897	74°56’35”405	8’926,671.910	506,234.220
102	09°59’46”028	74°50’31”591	8’895,000.000	517,305.094
103	09°59’45”966	74°48’34”190	8’895,000.000	520,879.370
137	10°36’01”171	74°48’32”883	8,828,192.510	520,879.370
134	10°36’01”153	75°11’55”905	8,828,192.510	478,245.840
129	10°28’47”367	75°11’55”627	8’841,515.680	478,245.840
130	10°28’47”521	75°06’40”051	8’841,515.680	487,838.960
125	10°23’43”870	75°06’39”944	8’850,841.800	487,838.960
124	10°23’43”790	75°09’48”357	8’850,841.800	482,109.890
123	10°20’19”934	75°09’48”251	8’857,102.870	482,109.890
119	10°15’12”366	75°18’51”215	8’866,537.000	465,587.690
109	10°03’54”832	75°18’50”554	8’887,346.250	465,587.690
108	10°03’54”614	75°22’20”583	8’887,346.250	459,194.630
92	09°52’29”229	75°22’19”805	8’908,396.510	459,194.630
91	09°52’28”835	75°27’39”146	8’908,396.510	449,468.520
78	09°41’16”475	75°27’38”220	8’929,046.750	449,468.520
77	09°41’15”865	75°34’22”664	8’929,046.750	437,143.400
60	09°21’02”103	75°34’20”643	8’966,325.200	437,143.400
59	09°21’01”545	75°39’41”646	8’966,325.200	427,351.290
29	08°34’15”709	75°39’36”576	9’052,500.000	427,351.290
30	08°34’15”900	75°37’42”085	9’052,500.000	430,851.290
25	08°27’12”610	75°37’41”394	9’065,500.000	430,851.290
24	08°27’12”394	75°39’52”202	9’065,500.000	426,851.290
14	08°11’50”933	75°38’02”266	9’093,804.980	430,167.700
13	08°11’50”667	75°40’45”669	9’093,804.980	425,167.700
9	08°05’52”495	75°40’45”065	9’104,804.980	425,167.700
8	08°05’52”096	75°44’33”770	9’104,804.980	418,167.700
1	07°57’59”965	75°44’32”912	9’119,304.980	418,167.700

Extension   =  1’267,674.645 ha

BLOCK Z 35 - SALAVERRY BASIN – PETROTECH PERUANAContract subscribed on September 20, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	24 months	420 UTE or Acquisition of 2,000 km of 2D seismic lines and reprocessing 1,000 km of 2D seismic lines.
Second	24 months	200 UTE or Acquisition of 200 km of additional 2D seismic lines.
Third	12 months	Drilling a wild cat  or 300 UTE
Fourth	12 months	Drilling a wild cat  or 300 UTE
Fifth	12 months	Drilling a wild cat  or 300 UTE

                                                                                                                                            

BLOCK COORDINATES - DATUM:  PSAD 56
	GEOGRAPHIC		PLANE    U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Chimbote BSE(PR)	09°11’09”284	78°27’52”483	8’983,597.737	778,632.487
123 (PP)	09°05’15”102	78°33’18”431	8’994,553.597	768,750.330
119	09°05’28”870	79°12’52”438	8’994,553.597	696,232.841
133	09°19’21”183	79°12’48”259	8’968,979.884	696,232.841
131	09°19’25”891	79°29’47”040	8’968,979.884	665,141.708
127	09°11’37”623	79°29’49”030	8’983,365.908	665,141.708
126	09°11’39”163	79°36’12”323	8’983,365.908	653,441.188
87	08°39’59”271	79°36’19”549	9’041,730.151	653,441.188
88	08°39’55”871	79°22’01”516	9’041,730.151	679,672.224
65	08°12’48”391	79°22’08”350	9’091,730.151	679,672.224
61	08°12’55”961	80°00’58”439	9’091,730.151	608,362.036
37	07°55’17”932	80°01’00”997	9’124,226.221	608,362.036
38	07°55’16”220	79°49’57”468	9’124,226.221	628,681.538
19	07°25’52”516	79°50’02”277	9’178,398.517	628,681.538
17	07°25’54”668	80°05’21”892	9’178,398.517	600,487.905
1	07°09’56”887	80°05’23”828	9’207,813.900	600,487.905
6	07°09’53”226	79°40’19”272	9’207,813.900	646,643.301

Extension  =   1’550,001.081 ha

BLOCK 111 – MADRE DE DIOS BASIN - SAPET DEVELOPMENT PERU INC., SUCURSAL DEL PERUContract was subscribed on December 07, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	24 months	50 UTE or Geological studies and Reprocessing and interpretation of 1,500 kms. of 2D seismic lines.
Second	24 months	800 UTE Acquisition of 800 kms. of 2D seismic lines.
Third	24 months	480 UTE or Drilling a wildcat.
Fourth	12 months	480 UTE or Drilling a wildcat.

 

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude      West Longitude                                                                                                     North Mts                                                                                                        East Mts	West Longitude	North Mts.	East mts.
Est. Pto. Maldonado (PR)	12°35’37”873	69°10’37”512	8'607,755.218	480,764.941
116 (PP)	12°50’13”423	69°05’34”279	8’580,864.629	489,923.726
6	11°03’18”085	70°13’07”280	8’777,651.141	366,875.823
112	12°40’02”139	68°43’22”689	8’599,628.058	530,082.436
110	12°40’02”652	68°58’17”231	8’599,628.058	503,099.871

Extension  =  1’516,324.466 ha

BLOCK 113 – MADRE DE DIOS BASIN - SAPET DEVELOPMENT PERU INC., SUCURSAL DEL PERU
Contract was subscribed on December 07, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	20 UTE or Geological studies and Reprocessing the available 2D seismic lines.
Second	24 months	400 UTE or Recording 400 kms. of 2D seismic lines.
Third	24 months	410 UTE or Drilling a wildcat.
Fourth	18 months	410 UTE or Drilling a wildcat.

                                           

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Pto. Maldonado (PR)	12°35’25”757	69°10’30”959	8’608,127.521	480,962.401
3	11°58’11”533	69°38’35”415	8’676,681.346	429,973.091
4	11°57’58”727	70°33’08”524	8’676,681.346	330,963.926
5	12°04’29”827	70°55’54”322	8’664,401.214	289,724.073
6	11°39’21”202	71°16’06”170	8’710,492.747	252,687.774
7	11°38’21”544	71°11’46”232	8’712,388.458	260,549.417
8	11°30’52”496	71°09’25”787	8’726,222.929	264,700.498
9	11°18’06”861	70°58’52”297	8’749,891.121	283,741.346
10	11°11’33”151	70°59’32”006	8’761,982.511	282,454.789
11	11°10’27”794	70°55’25”657	8’764,040.593	289,916.756
12	11°13’09”856	70°47’23”302	8’759,152.600	304,583.351
13	11°11’48”831	70°39’36”345	8’761,725.243	318,735.347
14	11°02’31”070	70°39’33”189	8’778,863.903	318,735.347
1	10°59’25”027	70°35’18”083	8’784,622.200	326,448.488
2	11°03’18”085	70°13’07”280	8’777,651.141	366,875.823

Extension  =  1’231,353.672 haBLOCK 108 – ENE BASIN – PLUSPETROL E&P S.A.Contract was subscribed on December 13, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	24 months	Reprocessing 250 km of 2D seismic lines. Geological / geophysical evaluation of the area including studies on  sedimentology, depositional environments, reservoir quality, sampling and geochemical analysis and geochemical modeling.
Second	18 months	Acquisition and interpretation of 100 km of additional 2D seismic lines.
Third	18 months	Drilling a wild cat or 300 UTE.
Fourth	12 months	Drilling a wild cat or 300 UTE.
Fifth	12 months	Drilling a wild cat or 300 UTE.

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. Huancayo B.SE (PR)	12°00’37”451	75°14’23”593	8'672,269.381	473,886.028
81 (PP)	11°55’45”924	74°13’05”410	8’681,115.360	585,137.260
27	10°56’48”737	74°54’20”367	8’789,879.610	510,308.600
24	10°56’48”191	75°19’07”854	8’789,879.610	465,160.000
1	10°36’00”799	75°19’06”542	8’828,192.510	465,160.000
5	10°36’00”939	74°43’20”748	8’828,192.510	530,364.260
42	11°09’46”336	74°11’15”017	8’765,875.872	588,717.326
52	11°21’28”176	74°05’51”470	8’744,287.986	598,465.213
66	11°38’40”072	73°49’36”198	8’712,481.204	627,900.310
105	12°32’51”118	73°49’21”997	8’612,598.580	627,900.310
103	12°32’56”293	74°12’58”843	8’612,598.580	585,137.260

Extension  =   1’241,675.952 ha

BLOCK 102 – MARAÑON BASIN - RAMSHORN INTERNATIONAL LIMITED, SUCURSAL DEL PERU  / SHONA ENERGY INTERNATIONAL LIMITED, SUCURSAL DEL PERU / ANDEAN OIL AND GAS S.A.C.Contract was subscribed on December 13, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	6 months	20 UTE or Integral study on the geophysical and geological evaluation of the contract area, including the selection of the available information, interpretation and generation of maps on the targets.
Second	18 months	150 UTE or acquisition, processing and interpretation of 150 km. of 2D seismic lines.
Third	18 months	400 UTE or drilling a wild cat.
Fourth	18 months	400 UTE or drilling a wild cat.
Fifth	24 months	400 UTE or drilling a wild cat.

                                  

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHYC		PLANE UTM
Point	South Latitude	West Longitude	North Mts.	East Mts.
EST. Andoas Viejo (PR)	02°54’04 228	76°23’58 544	9'679,230.637	344,436.704
34 o (P.P.)	02°56’50”110	76°21’33”570	9’674,141.409	348,919.605
33	03°00’00”001	76°25’29”236	9’668,300.000	341,650.000
32	03°01’16”099	76°29’20”037	9’665,953.597	334,526.490
1	02°37’14”450	76°43’18”062	9’710,199.572	308,582.439
2 H. Curva Pastaza	02°36’27”400	76°41’00”000	9’711,650.376	312,845.439
3 H. Margen Der. Pastaza	02°35’50”400	76°39’12”200	9’712,791.303	316,174.136
4 H. Isla Zoilaluz	02°35’42”600	76°38’49”300	9’713,031.815	316,881.256
5 H. Boca Bobonaza	02°35’30”820	76°38’12”860	9’713,395.115	318,006.498
6 H. Corte Bobonaza	02°34’58”000	76°37’32”000	9’714,404.844	319,267.457
9 H. Km. 58.8	02°27’14”000	76°27’43”000	9’728,678.120	337,446.269
11 H. Marg. Der.Corrientes	02°24’01”000	76°23’39”000	9’734,613.736	344,977.906
12 H. Marg. Izq.Corrientes	02°23’59”000	76°23’36”000	9’734,675.256	345,070.523
13	02°22’09”830	76°21’17”610	9’738,032.602	349,342.419
25	02°30’42”590	76°14’38”500	9’722,296.602	361,686.581
23	02°37’24”470	76°23’08”000	9’709,938.102	345,961.594
17	02°33’08”070	76°26’27”530	9’717,806.102	339,789.513
15	02°39’49”820	76°34’57”080	9’705,447.602	324,064.526

Extension: =  126,676.114 ha

BLOCK 105 – TITICACA BASIN – SIBOIL del PERU S.A. Contract was subscribed on December 13, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	Reprocessing and interpreting 500 kms. of 2D seismic lines in the contract area. Geological – geophysical evaluation of the contract area defining the hydrocarbon potential.
Second	24 months	200 UTE or drilling a wild cat
Third	24 months	200 UTE or drilling a wild cat
Fourth	24 months	200 UTE or drilling a wild cat

                                

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Ayabaca B. S. (PR)	15°25’22”414	70°04’09”397	8’294,594.293	385,263.402
AREA A
5 (PP)	15°10’40”392	69°43’28”892	8’321,850.000	422,150.000
3	15°04’59”949	69°56’48”256	8’332,220.000	398,250.000
1	14°59’41”674	69°56’46”852	8’342,000.000	398,250.000
2	14°59’44”608	69°43’26”671	8’342,000.000	422,150.000
AREA B
21	15°20’38”408	69°55’22”341	8’303,394.000	400,937.000
33	15°36’20.118	69°55’26”517	8’274,456.000	400,937.000
38	15°40’55”161	70°02’55”429	8’265,942.000	387,609.000
42	15°47’47”837	70°02’57”546	8’253,260.000	387,609.000
49	15°54’02”097	69°51’46”465	8’241,850.000	407,624.000
46	15°53’51”947	70°24’03”935	8’241,850.000	350,000.000
19	15°16’52”958	70°23’48”909	8’310,050.000	350,000.000
20	15°16’53”986	70°21’01”313	8’310,050.000	355,000.000
6	15°04’52”611	70°20’56”730	8’332,220.000	355,000.000
8	15°04’57”517	70°05’47”482	8’332,220.000	382,150.000
9	15°07’57”798	70°05’48”408	8’326,680.000	382,150.000
12	15°14’00”767	69°52’46”252	8’315,632.000	405,542.000

Extension    =  443,213.186 ha

BLOCK 110 – UCAYALI BASIN - PETROBRAS ENERGIA PERU S.A.
Contract was subscribed on December 13, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	Reprocessing of 1,000 kms. of 2D seismic lines and a Geological Study including geochemistry and basin modeling.
Second	24 months	Recording, processing and interpreting 200 kms. of 2D seismic lines  or drilling a wild cast or 200 UTE.
Third	15 months	Drilling a wildcat or 200 UTE.
Fourth	15 months	Drilling a wildcat or 200 UTE.
Fifth	12 months	Drilling a wildcat or 200 UTE.

                                

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. ATALAYA (PR)	10°43’49”684	73°45’02”384	8'813,531.772	636,620.538
61 (PP)	10°22’42”560	73°41’09”845	8’852,429.773	643,848.869
1	09°48’41”721	73°41’18”117	8’915,125.896	643,848.869
9	09°48’12”645	72°19’02”980	8’915,125.896	794,279.119
35	10°08’51”291	72°18’52”834	8’877,042.049	794,279.119
60	10°17’15”006	72°30’25”902	8’861,725.873	773,048.726
86	10°37’18”664	72°27’26”248	8’824,680.323	778,220.105
96	10°47’29”535	72°30’11”288	8’805,942.156	773,048.726
105	10°56’05”477	72°24’53”226	8’790,000.000	782,581.496
107	11°00’30”303	72°16’41”425	8’781,726.107	797,450.610
118	11°06’51”647	72°16’37”904	8’770,000.000	797,450.610
113	11°07’13”681	73°04’04”689	8’770,000.000	711,022.000
66	10°22’31”419	73°04’21”732	8’852,429.773	711,022.000

Extension: 1’483,104.910 ha

BLOCK 112 – MARAÑON BASIN - PETROBRAS ENERGIA PERU S.A.
Contract was subscribed on December 13, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	18  months	Reprocessing 700 kms. of 2D seismic lines and a Geological Study including geochemistry and basin modeling.
Third	24 months	200 UTE or Drilling a wildcat.
Fourth	24 months	200 UTE or Drilling a wildcat.
Fifth	18 months	200 UTE or Drilling a wildcat.

                                

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. San Lorenzo (PR)	04°49’42”219	76°33’08”870	9'466,102.477	327,830.908
85 (PP)	04°51’00”344	76°25’11”882	9'463,735.000	342,533.000
86	04°51’00”745	76°21’57”465	9'463,735.000	348,523.000
106	05°07’58”307	76°21’59”571	9'432,481.330	348,523.000
105	05°07’57”792	76°25’54”476	9'432,481.330	341,288.630
104	05°03’53”728	76°25’53”935	9'439,977.810	341,288.630
103	05°03’51”619	76°40’32”498	9'439,977.810	314,226.700
102	05°02’07”032	76°40’32”230	9'443,190.590	314,226.700
100	05°02’04”169	76°57’36”919	9'443,190.590	282,657.975
68	04°44’44”186	77°22’11”727	9'475,000.000	237,100.000
66	04°40’31”572	77°22’10”871	9'482,763.260	237,100.000
67	04°40’32”751	77°16’15”009	9'482,763.260	248,072.730
22	04°09’43”825	77°16’09”382	9'539,579.350	248,072.730
23	04°09’45”031	77°09’00”664	9'539,579.350	261,300.000
7	04°01’23”160	77°08’59”320	9'555,000.000	261,300.000
9	04°01’24”381	77°01’04”122	9'555,000.000	275,962.754
1	03°53’06”313	77°01’02”918	9’570,302.514	275,962.754
4	03°53’08”299	76°46’21”130	9’570,302.514	303,172.403
5	03°53’52”644	76°46’21”223	9'568,940.263	303,172.403
6	03°53’52”924	76°44’07”446	9'568,940.263	307,300.000
13	04°01’26”720	76°44’08”390	9'555,000.000	307,300.000
16	04°01’29”173	76°22’52”708	9'555,000.000	346,650.710
44	04°28’02”234	76°22’55”542	9'506,071.000	346,650.710
43	04°28’01”261	76°31’07”494	9'506,071.000	331,485.000
58	04°38’59”355	76°31’08”876	9'485,857.000	331,485.000
59	04°39’00”103	76°25’10”408	9'485,857.000	342,533.000

Extension   =  1’080,675.480 ha

BLOCK 115 – MARAÑON BASIN - PLUSPETROL E&P S.A.
Contract was subscribed on December 13, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	12 months	Integral geological study of the contract area.
Second	18 months	Registering, processing and interpreting 200 km of 2D seismic lines or 200 UTE.
Third	18 months	300 UTE or Drilling a wild cat.
Fourth	18 months	300 UTE or Drilling a wild cat.
Fifth	18 months	300 UTE or Drilling a wild cat.

                                

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts	East Mts
Est. Andoas (PR)	02°48’11”791	76°27’02”665	9'690,048.119	338,737.207
51 (PP)	03°01’16”099	76°29’20”037	9’665,953.597	334,526.490
53	03°01’27”815	76°29’20”049	9’665,593.490	334,526.490
52	03°01’27”274	76°35’38”439	9’665,593.490	322,842.012
49	02°59’36”371	76°35’38”933	9’669,000.000	322,842.012
42	02°59’32”960	77°08’50”850	9’669,000.000	261,300.000
41	02°56’50”230	77°08’50”540	9’674,000.000	261,300.000
40	02°56’49”260	77°16’56”070	9’674,000.000	246,300.000
30	02°54’06”530	77°16’55”740	9’679,000.000	246,300.000
29	02°54’06”200	77°19’37”570	9’679,000.000	241,300.000
28	02°49’35”670	77°19’37”030	9’687,313.490	241,300.000
27 (Hito)	02°49’15”500	77°18’38”000	9’687,936.863	243,122.618
16 (Hito)	02°48’04”270	77°15’08”800	9’690,138.269	249,582.313
15 (Hito)	02°47’10”800	77°12’32”000	9’691,790.450	254,423.983
14 (Hito)	02°46’12”700	77°09’41”100	9’693,585.411	259,701.039
11 (Hito)	02°43’28”160	77°01’37”500	9’698,666.996	274,633.640
4 (Hito)	02°40’15”300	76°52’09”000	9’704,620.090	292,187.852
1	02°37’14”450	76°43’18”062	9’710,199.572	308,582.439

Extension  = 241,226.680 ha

BLOCK 109 – MARAÑON BASIN - REPSOL EXPLORACIÓN PERÚ, SUCURSAL DEL PERÚ
Contract was subscribed on December 16, 2005

WORK COMMITMENT
Period	Duration	Commitment
First	18 months	30 UTE or Geological studies and reprocessing and interpretation of 500 km of 2D seismic lines.
Second	18 months	300 UTE or Registering and interpreting 300 km of 2D seismic lines.
Third	18 months	360 UTE or Drilling a wild cat.
Fourth	15 months	360 UTE or Drilling a wild cat.
Fifth	15 months	360 UTE or Drilling a wild cat.

                                

BLOCK COORDINATES – DATUM: PSAD 56
	GEOGRAPHIC		PLANE U.T.M.
Point	South Latitude	West Longitude	North Mts.	East Mts.
Est. San Lorenzo (PR)	04°49’42”219	76°33’08”870	9’466,102.477	327,830.908
51 (PP)	05°24’03”249	76°26’23”270	9’402,825.000	340,470.256
74	05°35’08”993	76°26’24”869	9’382,376.205	340,470.256
70	05°35’04”979	76°50’22”515	9’382,376.205	296,222.512
78	05°48’18”421	76°50’25”040	9’358,000.000	296,222.512
63	05°28’38”276	77°28’54”301	9’394,000.000	225,000.000
15	05°00’22”664	77°44’18”653	9’446,000.000	196,300.000
1	04°44’39”289	77°44’14”830	9’475,000.000	196,300.000
3	04°44’44”186	77°22’11”727	9’475,000.000	237,100.000

Extension   =   899,754.854 haF.        

G. CONTRACTS SUBSCRIBED IN 2004

BLOCK  57 - REPSOL BURLINGTON License Contract for the Exploration and Exploitation of Hydrocarbons in Block 57 with Repsol Exploración Perú, Sucursal del Perú and Burlington Resources Peru Limited, Sucursal Peruana, approved by S.D. Nº 043-2003-EM, was signed on January 27, 2004.The new license Contract for the Exploration and Exploitation of Block 57 as a work commitment to be executed in five periods for the exploration phase which include Geological and geochemical studies, the reprocessing of 500 km 2D seismic and the drilling of four wells or the execution of equivalent Exploration  Working Units (UTE) according to the equivalence agreed within the Contract and referred to the different options which the contract holder may elect.This block is located in the Ucayali Basin, in the Junin, Ucayali and Cuzco Departments and has an extension of 611,067.814 Ha. The investment for this contract is 45 million US dollars.

BLOCK 100 - CONSULTORA DE PETROLEO  On March 26th, 2004, PERUPETRO S.A. subscribed the Contract of License for the Exploration and Exploitation of Hydrocarbons in the Block 100 with Consultora de Petróleo S.A., approved by Supreme Decree N° 002-2004-EM.The Contract of License for the Exploration and Exploitation of Hydrocarbons in the Block 100, establishes six periods for the exploration phase, with a minimum work commitment that includes the geological studies of the contract area, the acquisition, processing and interpretation of 60 km 2D seismic and drilling two wells or the execution of equivalent Exploration  Working Units (UTE) according to the equivalence agreed within the Contract and referred to the different options which the contract holder may elect.Block 100 with an extension of 7,700 Ha. is located in the Southern Ucayali Basin in the Loreto Department

.BLOCK 101 - OCCIDENTAL PETROLERA On April 02, 2004, PERUPETRO S.A. signed the License Contract for the Exploration and Exploitation of Hydrocarbons – Block 101, with the Contract Holder Occidental Petrolera del Perú, Sucursal del Perú. This Contract was approved by S.D. N° 005-2004-EM. The new License Contract has a work minimum program including six periods for the exploration phase in which the execution of 100 km 2D seismic reprocessing, the acquisition of 200 km 2D seismic and the drilling of four exploratory wells or their equivalence in Exploration Work Units are considered. This block is located in the Marañon Basin, Loreto Department and has an extension of 744,434.477 Ha.

BLOCK 103 -  OCCIDENTAL PETROLERA  License Contract for the Exploitation of Hydrocarbons in Block 103 with Occidental Petrolera del Perú, Inc., Sucursal del Perù, approved by S.D. Nº 026-2004-EM, was signed on August 09, 2004.The new license Contract for Block 103 has a work commitment  to be executed in five periods for the exploitation phase which include geological and geophysical studies, the acquisition of 400 km 2D seismic and drilling two exploratory wells or the execution of equivalent Exploration  Working Units (UTE) according to the equivalence agreed within the Contract and referred to the different options which the contract holder may elect.This block is located in the Marañon Basin, in the Loreto and San Martin Departments and has an extension of 870,896.168 Ha

BLOCK Z-33 – PETROTECH PERUANA  On September 1st, 2004, PERUPETRO S.A. signed the License Contract for the Exploration and Exploitation of Hydrocarbons – Block Z–33, with the Contract Holder PETRO-TECH PERUANA S.A. This Contract was approved by S.D. N° 025-2004-EM. The new License Contract has a work minimum program to be executed which include the acquisition and interpretation of 1,500 km 2D seismic, the acquisition of 150 km. 3D seismic and the drilling of three exploratory wells or their equivalence in Exploration Work Units. Block Z-33 with an extension of 849,566 Ha. is located in the offshore region in front of Lima and Chincha cities in the Pisco Basin. Water depth is between 400 and 1,200 feet in the basin. The investment for this contract is around  22 million US dollars.

BLOCK 56 – PLUSPETROL / HUNT/ SK / TECPETR OL / SONATRACH License Contract for the Exploitation of Hydrocarbons in Block 56 with Pluspetrol Peru Corporation S.A. - Hunt Oil Company of Peru LLC, Sucursal del Perù – SK Corporation, Sucursal Peruana - Tecpetrol del Perù S.A.C. and Sonatrach Peru Corporation S.A.C, approved by S.D. Nº 033-2004-EM, was signed on September 07, 2004.The new license Contract has a work commitment  to be executed in two periods for the exploitation phase which include drilling one well (or 200 square km. 3D seismic), drilling 4 wells (or drilling 3 wells plus the reconditioning of one well) and the Installation of a module for natural gas cryogenic processing with a minimum capacity of 220 MMDF/day inside the Liquid Separation Plant. For the rest of the contract the Contract Holder must execute the following:
Each year the contractor will submit the following:
- An annual working program and detailed estimation of the income, costs, expenses and investments for the following calendar year.
- A working program and the projection of the income, costs, expenses and investments for the development and/or production for the following five calendar years.
- A forecast of the volume, quality and composition of the hydrocarbons to be produced.Block 56 is located  in the Pagorene field, Urubamba River Valley, in La Convención province, Cusco Department and has an extension of 58,500.00 ha.The investment for this contract is 550 million US dollars.

H.        CONTRACTS SUBSCRIBED IN 2003

BLOCK 90 - REPSOLOn December 10, 2003, PERUPETRO S.A. signed the License Contract for the Exploration and Exploitation of Hydrocarbons – Block 90, with the Contractor conformed by Repsol Exploración Perú, Branch Office of Peru, with a sharing of 76.15% and Burlington Resources Peru Limited, Branch Office of Peru, with a sharing of 76.16%. This Contract was approved by S.D. N° 033-2003-EM. The new License Contract has a work minimum program including five periods for the exploration phase in which the acquisition of 2D seismic and the drilling of four exploratory wells or the execution of 1,238 Exploration Work Units are considered, according to the equivalence agreed within the Contract and referred to the different options which the contractor may elect. The estimated investment for the work minimum program is of 55 MMUS$.This block is located in the Ucayali Basin and has an extension of 880,670.46 Ha.

BLOCK XIX - BPZ ENERGY INC License Contract for the Exploration and Exploitation of Hydrocarbons in Block XIX with BPZ ENERGY INC., SUCURSAL PERU, approved by S.D. Nº 040-2003-EM, was signed on December 12, 2003.The new License Contract for the Exploration and Exploitation of Block XIX, has a Work Minimum Program, with five exploration periods for the exploration phase including the acquisition of 2D seismic and drilling three exploratory wells or the execution of 461 Exploration Work Units, according to the equivalence agreed within the Contract and referred to the different options which the contractor may elect. The estimated investment of the work minimum program is of 5 million dollars.This block is located in the Tumbes Progreso Basin, Tumbes Department and has an extension of 191,441.16 Ha.

I.        CONTRACTS SUBSCRIBED IN 2002 BLOCK Z-6 - PETRO-TECH

 On March 20th, 2002, PERUPETRO S.A. subscribed the Contract of License for the Exploration and Exploitation of Hydrocarbons in the Block Z-6 (offshore) with PETRO-TECH PERUANA S.A., approved by Supreme Decree N° 005-2002-EM.The Contract of License for the Exploration and Exploitation of Hydrocarbons in the Block Z-6, establishes six periods for the exploration phase, with a minimum work that includes the drilling of four exploratory wells, the accomplishment of a number of geological, geophysical and petrophysical studies, the reprocessing of at least 1800 kilometers 2D seismic lines and the acquisition, processing and interpretation of at least 2000 kilometers 2D seismic lines. This work represents an estimated investment of US$27 millions.This block is located in the Northern Offshore Peru and has an extension of 1’063,528.99 Ha.

CONTRACTS SUMMARY

A.        CONTRACTS SUBSCRIBED IN 2007

BLOCK	BASIN	COMPANY	DATE
Z-34	TALARA	GOLD OIL PERU S.A.C.	March 08, 2007
Z-38	PROGRESO	VIETNAM  AMERICAN EXPLORATION CO.	April 12, 2007

 

B.        APPROVED BY SUPREME DECREE

            None

1. APPROVED BY PERUPETRO’S BOARD OF DIRECTORS AND AWAITING APPROVAL BY SUPREME DECREE

 

BLOCK	BASIN	COMPANY	DATE
127	MARAÑON	LOON ENERGY INC.	March 29, 2007
XXIV	SECHURA	EAST CAMERON PARTNERS LP.	March 19, 2007
129	MARAÑON	BURLINGTON RESOURCES PERU LIMITED	February 28, 2007
126	UCAYALI	TRUE ENERGY, INC. & NORTH AMERICAN  VANADIUM	April 13, 2007

 

D.        UNDER NEGOTIATION

BLOCK	BASIN	COMPANY
XXII	LANCONES	BPZ ENERGY, INC
XXIII	TALARA	BPZ ENERGY, INC.

 
E.        CONTRACTS SUBSCRIBED IN 2006

BLOCK	BASIN	COMPANY		DATE
XX	TUMBES	PETROLERA MONTERRICO S.A.		January 19, 2006
76	MADRE DE DIOS	HUNT OIL COMPANY OF PERU		May 02, 2006
XXI	SECHURA	GOLD OIL PERU S.A.C.		May 04, 2006
118	UCAYALI	AMERADA HESS		May 04, 2006
119	UCAYALI	AMERADA HESS		May 04, 2006
120	UCAYALI	AMERADA HESS		May 04, 2006
117	MARAÑON	PETROBRAS ENERGIA PERU S.A.		May 16, 2006
121	MARAÑON	BARRET RESOURCES PERU COR		July 14, 2006
114	UCAYALI	PANANDEAN RESOURCE PLC		July 14, 2006
Z-36	SALAVERRY	PETROTECH PERUANA		July 14, 2006
122	MARAÑON		GRAN TIERRA ENERGY INC.	Noviembre 03, 2006
123	MARAÑON		BURLINGTON RESOURCES	September 29, 2006
124	MARAÑON		BURLINGTON RESOURCES	September 29, 2006
116	SANTIAGO		HOCOL PERU S.A.C.	December 12, 2006
125	HUALLAGA		BARRET RESOURCES PERU CORP	December 12, 2006
128	MARAÑON		GRAN TIERRA ENERGY INC.	December 12, 2006

 

F.        CONTRACTS SUBSCRIBED IN 2005

BLOCK	BASIN	COMPANY	DATE
95	MARAÑON	HARKEN DEL PERU	April 7, 2005.
104	MARAÑON	BURLINGTON RESOURCES	April 28, 2005.
106	MARAÑON	PETROLÍFERA PETROLEUM	July 12, 2005.
58	UCAYALI	PETROBRAS ENERGIA PERU	July 12, 2005.
107	MARAÑON	PETROLÍFERA PETROLEUM	September 01, 2005
Z-35	SALAVERRY	PETROTECH PERUANA	September 20, 2005
111	MADRE DE DIOS	SAPET DEVELOPMENT	December 07, 2005
113	MADRE DE DIOS	SAPET DEVELOPMENT	December 07, 2005
108	ENE	PLUSPETROL E&P S.A.	December 13, 2005
102	MARAÑON	RAMSHORN/SHONA/ ANDEAN	December 13, 2005
105	TITICACA	SIBOIL del PERU S.A.	December 13, 2005
110	UCAYALI	PETROBRAS ENERGIA PERU	December 13, 2005
112	MARAÑON	PETROBRAS ENERGIA PERU	December 13, 2005
115	MARAÑON	PLUSPETROL E&P S.A.	December 13, 2005
109	MARAÑON	REPSOL EXPLORACIÓN PERÚ	December 16, 2005

G.        CONTRACTS SUBSCRIBED IN 2004

BLOCK	BASIN	COMPANY	DATE
57	UCAYALI	REPSOL – BURLINGTON	January 27, 2004
100	UCAYALI	CONSULTORA DE PETROLEO	March 26, 2004
101	MARAÑON	OCCIDENTAL PETROLERA	April 02, 2004
103	MARAÑON	OCCIDENTAL PETROLERA	August 09, 2004
Z-33	PISCO	PETROTECH PERUANA	September 01, 2004
56	UCAYALI	PLUSPETROL	September 07, 2004

H.        CONTRACTS SUBSCRIBED IN 2003

BLOCK	BASIN	COMPANY	DATE
90	UCAYALI	REPSOL EXPLORACION PERU	December 10, 2003.
XIX	TUMBES	BPZ ENERGY	December 12, 2003

I.          CONTRACTS SUBSCRIBED IN 2002

BLOCK	BASIN	COMPANY	DATE
Z-6	SECHURA	PETROTECH PERUANA	March 20, 2002.

AGREEMENTS SUMMARY

 

A.        TECHNICAL EVALUATION AGREEMENTS (CET):

AREA	BASIN	COMPANY	DATE
XXIII	SECHURA	PETROTECH PERUANA S.A.	June 22, 2005
XXVI	MARAÑON	PETROPERU - PETROBRAS	November 16, 2006
XXVII	MARAÑON	PETROPERU - PETROBRAS	November 16, 2006
XXVIII	MARAÑON	PETROPERU - PETROBRAS	November 16, 2006
XXIX	MARAÑON	PETROPERU - PETROBRAS	November 16, 2006
XXX	MARAÑON	PETROPERU - PETROBRAS	November 16, 2006
XXXI	MARAÑON	PETROPERU - PETROBRAS	November 16, 2006

 

B.      EVALUATION AGREEMENTS FOR PROMOTION (CEP):

AREA	BASIN	COMPANY	DATE
XIII	MARAÑON	SERPET CONSULT S.A.	March 18, 2005
XIV	MARAÑON	FUGRO ROBERTSON LIMITED	May 20, 2005