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Guyana: Sagres returns Takutu interest to Canacol

Sagres Energy Inc., Calgary, will return its 25% interest in a 7,800 sq km petroleum prospecting license in the Takutu basin in central Guyana to Canacol Energy (Guyana) Inc.

Sagres Energy, which acquired the interest on Oct. 30, 2009, by farmout from Canacol Energy, plans to focus its time and resources on its assets in Colombia and Jamaica.

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