- Latin American Resources Ltd. (the “Company”) has been created by the purchase of Quetzel Energy Ltd’s (“QEI”)’s Guatemalan assets.
- Latin American Resources Ltd. is focused on acquiring and developing oil and gas properties in Central America, with a current focus in Guatemala.
- Operational infrastructure and assets in place – work camp, materials, etc.
- Latin American Resources Ltd. has over 400,000 exploration acres in 2 blocks within the highly prospective South Peten Basin in Guatemala
- Proved plus probable reserves of 2 .3 MMBO, with a further ~20 MMBO of potential
- 2012 exit production of approximately 1,500 BOPD(1), with the potential to increase production to 7,000 to 8,000 BOPD through property development
- Approximately $18 MM of capital has been spent to date providing a solid foundation for immediate value creation potential
- Over $24 MM of available tax shelter
The company seeks to execute this strategy by:
- Aggressively drilling and developing its extensive undeveloped properties:
- Employing advanced drilling and completion technologies;
- Optimizing returns by focusing on operational and cost efficiencies;
- Pursuing strategic acquisitions with significant potential synergies and;
- Wildcat exploration drilling for new pool discoveries.
