Lima .- On Tuesday 19, at 12:30 F, PERUPETRO SA signed three important agreements whose main objective is to explore and discover the potential of hydrocarbons in several areas of our country.

The first is the Convention for the Evaluation of Hydrocarbon Resources Non-Conventional Area XIL, of La Brea Chumpi, located between Arequipa and Ayacucho, to be held between PERUPETRO SA and the consortium High Petroleum Inc.. / Eboroil Udmurtia Inc, el cual tiene como objetivo que el Consorcio efectúe un estudio detallado e integral del área, para la cuantificación de los recursos de hidrocarburos no convencionales y sus posibilidades comerciales y presentar los resultados de las pruebas de recuperación de productos, que incluya al diesel, a partir de las muestras de bitumen extraídas y analizadas. / Eboroil Udmurtia Inc., which aims to help the Consortium undertake a detailed and comprehensive study of the area, for the quantification of unconventional hydrocarbon resources and its commercial potential and present the results of tests recovery products, including to diesel, from bitumen samples extracted and analyzed.

The study area covers an area of 286200.00 has. y la ejecución del mismo se hará bajo el estricto cumplimiento de las normas ambientales vigentes. And the implementation of it will be under strict compliance with environmental norms in force.

Also PERUPETRO SA and the American PETRON RESOURCES signed an agreement for Regional Studies to determine the resource potential of Non-Conventional Hydrocarbons, which can be recovered commercially in the Convention Area: Area I, II, III and IV whose length ranges from Piura up Lima. Inicialmente el estudio será de 9 meses y podrá extenderse durante 9 meses más de acuerdo a los resultados iniciales. Initially, the study will be of 9 months and may be extended for 9 months according to the initial results.

They are called unconventional hydrocarbon those hydrocarbons stored in reservoirs and unconventional shale and coal beds and includes the extra heavy oil API gravity of less than 10 degrees and very high viscosity, as well as the viscosity of bitumen much higher oil Extra heavy.

In its natural state, the extra heavy oil and bitumen can not be transported by pipeline and can not be processed in conventional refineries. Es importante aclarar que los hidrocarburos no convencionales se extraen utilizando tecnologías distintas a las empleadas en la producción de petróleo y gas natural convencionales, pero con el alza de precios del petróleo, estos hidrocarburos no convencionales tienen la oportunidad de convertirse en comerciales. It is important to clarify that hydrocarbons are extracted using unconventional technologies different from those used in the production of conventional oil and natural gas, but with rising oil prices, these unconventional hydrocarbons have the opportunity to become commercial.

In order to promote investment in exploration for hydrocarbons, especially in the basins of costafuera Peru, PERÚPETRO SA and GXT Corporation signed the Convention for the PERUSPAN Program, which is intended to lay the groundwork for cooperation between the two companies on the ownership and marketing of DATA SÍSMICOS the PERUSPAN, who are required to obtain geophysical data, but mainly 2D seismic and gravity data and interpretations magnetometer geológicasgeofísicas improved within Peruvian territory under study, which covers the areas offshore, land and the transition from Peru. El programa tiene una vigencia de 7 años. The program has a duration of 7 years.