OGX started exploring in Brazil in September 2009 and initially focused a huge part of its effort on blocks BM-C-43 and BM-C-42, home of the Vesuvio, Krakatoa, Kilawea, Huna and Hawaii discoveries.

The last probe drilled in either area was in the fourth quarter of 2010, when the company detected hydrocarbons at the Potosi wildcat.

“We do have several mapped prospects within our blocks.