Clarification: LaCortez Through Its Subsidiary Avante Colombia Inc. Initiates Operating Activities in the Puerto Barco Field

Aug 02, 2011, 16:00 ET from La Cortez Energy, Inc.

BOGOTA, Colombia, Aug. 2, 2011 /PRNewswire/ -- Consistent with our press release dated July 28th, 2011, La Cortez will be conducting these activities through its wholly owned subsidiary, Avante Colombia Inc., who is the contract holder and operator of the Puerto Barco Field.

Avante Colombia Inc. currently has a 50% participation interest and is the operator of the Rio de Oro and Puerto Barco production contracts with Ecopetrol S.A. in the Department of North Santander in the Catatumbo region of northeastern Colombia, under an operating joint venture with Vetra Exploracion y Produccion Colombia S.A.

For more information, please contact the Company's Investor Relations department at 941-870-5433 or by email

SOURCE La Cortez Energy, Inc.