Also during 2007, Pacific Rubiales participated in the “ANH Mini Round” and bid for the Jagüeyes 3433-A Block. In February 2008, the company was awarded this Block located in the Casanare Department, in the central east region of Los Llanos Basin. The Jagüeyes 3433-A block, with an area of 21,500 hectares, is surrounded by producing oil fields and provides easy access. The company's work commitment for this block consists of 112 square km of 3D seismic in the first phase (eight months), at an investment of approximately $3 million. If exploratory targets are then identified, the proposal calls for the drilling of three exploratory wells in three different phases (10, 12 and 12 months respectively), at an investment of $5 million for each well.
