In January 2008, Pacific Stratus was advised by the ANH that it had secured the Tacacho TEA that it had applied for during 2007. The Tacacho Block measures approximately 598,959 hectares and is located in the foreland of the Putumayo Basin in Colombia. The area lies along a prominent structural high that trends North Northwest from Ecuador and continues through the Tacacho Block.
The main exploration targets in Tacacho are the tertiary Pepino Formation and the cretaceous sandstones of the Villeta Formation, prolific producers in the Ecuadorian portion of the Basin. Oil generation in the Putumayo and nearby Napo Basins is renowned and proved, as well as the charge of the petroleum system and trapping against structural highs in combined stratigraphic-Work commitments comprise a minimum investment of $3 million to reprocess 640 km of 2D seismic, 4,400 km of aeromagnetogravimetric survey and the acquisition of 100 km of new 2D seismic.
