Hopes: Osage is looking to get a further taste of Colombia's oil
Osage gains Colombia slice
US independent Osage Exploration & Development said today it has farmed in to a 50% interest in the Rosablanca concession in Colombia.
The Rosablanca concession was awarded to Gold Oil by the Agencia Nacional de Hidrocarburos in June.
Osage will pay all costs associated with drilling the first well on the Rosablanca project to earn its interest. Gold Oil will retain a 40% share, and Empesa will remain as a 10% participant.