La Cortez Energy Announces Upcoming Participation in the 2011 Mine LLC Oil & Gas Finance Forum
BOGOTA, Colombia, Oct. 31, 2011 /PRNewswire/ -- La Cortez Energy, Inc. (OTCBB: LCTZ), is pleased to announce that Mr. Andres Gutierrez Rivera, President and Chief Executive Officer, will be presenting at the Mine LLC Oil & Gas Forum, taking place at New York Yankee Stadium on Tuesday, November 8th, at 3:20 PM Eastern Standard Time. A copy of the presentation will be available on the Corporation's website at www.lacortezenergy.com on the day of the conference.
The Mine LLC Oil & Gas conference committee requires pre-registration for all parties planning to attend the event given the venue. If you are interested in attending the conference, please contact Heather Librande at (303) 377-6463 to pre-register.
About La Cortez Energy, Inc.
La Cortez Energy, Inc. is an early stage oil and gas exploration and production company currently pursuing a business strategy in the energy sector in South America, with an initial focus on identifying oil and gas exploration and production opportunities in Colombia. To that end, the company has established an operating branch, La Cortez Energy Colombia, Inc., with headquarter offices located in Bogota, Colombia, and has entered into Joint Venture Agreement for a 50% working interest in the Putumayo-4 block and for a 20% working interest in the Maranta block, both located in the Putumayo Basin in Southwestern Colombia. The company's current net acreage position in the Putumayo Basin is approximately 67,084 acres (172,080 acres gross). The assignment of the joint venture is subject to the approval of the Colombian Hydrocarbon Agency - Agencia Nacional de Hidrocarburos (ANH).
In early 2010, La Cortez acquired the 100% interests of Avante Colombia, Inc. in the Rio de Oro and the Puerto Barco fields, located in the Catatumbo Basin in Northeastern Colombia. Through this acquisition, the company's net acreage position in the Catatumbo Basin now totals 5,768 acres (11,535 acres gross). Each of the joint venture agreements were signed with experienced, established producers in Colombia, including Sinochem (Emerald Energy PLC – Sucursal Colombia), Petroleos del Norte S.A. a subsidiary of Petrolatina Energy PLC, and Vetra Exploracion y Produccion Colombia, Inc.. The company has a production entitlement of 140 BOPD (net before royalties) obtained from the Mirto field in the Maranta Block, and will be targeting a potential exploration portfolio of 35 million barrels of net resource potential in the coming years.
For more information, please contact the Company's Investor Relations department at 941-870-5433 or by email [email protected].
http://www.lacortezenergy.com/
Forward-Looking Statements
Certain statements in this news release are forward-looking statements. These statements are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "proposes," "may," "could," "should," "anticipates," "estimates," "likely," "possible," "potential," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information and assumptions of management. There can be no assurance that long-term production testing of the Mirto-1 well will be successful or that the Putumayo 4, Maranta and Rio de Oro and Puerto Barco projects will be successfully developed. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company, including, but not limited to, the Company's ability to identify other corporate acquisition and/or joint venture opportunities in the energy sector in Colombia, and Peru and, more generally, in Latin America, and to establish the technical and managerial infrastructure, and to raise the required capital, to take advantage of, and successfully participate in such opportunities, future economic conditions, political stability and energy prices. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.
SOURCE La Cortez Energy, Inc.
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