Alange boosts Putumayo basin interests

Alange Energy has closed three transactions to become operator with a 58% working interest in the Mecaya exploration and production contract in the Putumayo basin of Colombia.

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Dec. 18 -- Alange Energy has closed three transactions to become operator with a 58% working interest in the Mecaya exploration and production contract in the Putumayo basin of Colombia.

Alange also said it has acquired Gran Tierra’s 15% and 40% stakes in the Mecaya E& P contract and the Rio Magdalena association contract, respectively, for a total cash consideration of $3 million.

The Toronto firm said its assignment and the appointment as operator are subject to approval by Colombia's hydrocarbons regulator ANH for Mecaya and by ANH and state-owned Ecopetrol for Rio Magdalena.

Contact Eric Watkins at hippalus@yahoo.com.

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