• The concession consists of 30,655 acres

• The discovery well was drilled in 1996 by GHK, an Oklahoma City based exploration company

  Our Operating partner in the Guaduas Field is Pacific Rubiales Energy, Colombia's largest independent oil company

• There are 21 wells on the concession, of which 7 are currently in production

• The field has cumulatively produced almost 11,000,000 barrels

• Current production from the field is approximately 550 barrels per day

• There is also a substantial amount of natural gas production which is largely reinjected into the formation for reservoir maintenance. A small portion of the gas is produced and sold by Pacific Rubiales Energy for its own account

• Osage, through its wholly owned Cimarrona subsidiary owns 9.4% of the field.

The Guaduas-La Dorada Pipeline

The Guaduas-La Dorada Pipeline was constructed to transport oil from the Guaduas Field to La Dorada, where it could be fed into the primary north-south pipeline to transport the crude to the Caribbean coast for export.

• The pipeline is approximately 32 miles long, and transports oil over the mountain at Guaduas

• The pipeline is currently being used to transport third party oil as a common carrier in addition to our own production

• The capacity of the pipeline is approximately 35,000 barrels per day

• Pipeline transport is regulated in Colombia, with the tariff being set by the government, which generally escalates over time

• Currently the pipeline tariff is set at $1.705 per barrel

• Pacific Rubiales Energy is our partner, and Operator of the pipeline

• Osage, also through its wholly owned Cimarrona subsidiary, owns 9.4% of the pipeline