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    Guyana: Sagres returns Takutu interest to Canacol

    April 18, 2012
    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 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.

    About the Author

    Alan Petzet | Chief Editor Exploration

    Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.

    Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.

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