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Petrodorado Spuds Dorados-1X, Receives EIA Approval For CPO-5 Block and Sets Date for the AGM
Petrodorado Spuds Dorados-1X, Receives EIA Approval For CPO-5 Block and Sets Date for the AGM ...
About this update from Rok Resources, Inc. Class B
[{"type":"text","content":"\nPetrodorado Spuds Dorados-1X, Receives EIA Approval For CPO-5 Block and Sets Date for the AGM\n\nPetrodorado Spuds Dorados-1X, Receives EIA Approval For CPO-5 Block and Sets Date for the AGM\nNot for Dissemination in the United States or for Distribution to U.S. Wire Services\nCalgary, Alberta CANADA, August 08, 2012 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), (\"Petrodorado\" or the \"Company\") is pleased to announce the start of drilling operations on its Dorados-1X exploration well, EIA approval for CPO-5 has been received, and sets August 28th, 2012 for its Annual General Meeting.\nTalora\nThe exploration well Dorados-1X started drilling operations on July 31 and is presently at a depth of 2,000 feet. This well has a planned total depth of 9,500 feet and is targeting the Caballos and Tetuan formations. As previously announced, the Company retains 65% operated working interest in the block while paying 35% of the well costs, and the farmee paying 60%, subject to a cap of US$6.5Million. Costs above the cap are paid proportionally by each partner based on their respective working interests. \nCPO-5\nThe environmental license agency (ANLA) has approved the EIA - Environmental Impact Assessment -   for the block. This approves 15 locations, 3 wells per location for a total of 45 wells. The operator is proceeding ahead with the plans to initiate site construction and contracting of services to start drilling. The Company will inform once drilling start dates are confirmed. \nAnnual General Meeting\nThe Company will hold its AGM on August 28th, 2012, at the Bow Valley Square Conference Centre, 205 5 Avenue SW, Calgary, AB T2P 2V7 at 2pm local time.\nThe correct number of stock options being re-priced are 28,980,000 and not 29,980,000 as previously stated on the press release dated July 12, 2012\nKrishna Vathyam, President and CEO of Petrodorado Energy Ltd.\n\"We are excited to finally start our exploration drilling program in the Talora block and are even more thrilled to have received the CPO-5 environmental license. We look forward to getting drilling results in September for Dorados-1X and then proceed to drill the high impact CPO-5 exploration wells.\"\nAbout Petrodorado Energy Ltd.\nPetrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Peru and P...