Apco Invests in Colombia

Apco Oil and Gas International Inc. will expand its oil and gas activities into Colombia.
It signed two agreements: Apco agreed to acquire a 50 percent working interest in the Turpial Exploration and Production Contract in the Middle Magdellena basin from Petrolifera Petroleum Ltd. In the other transaction, Apco agreed to acquire a 20 percent working interest in the Llanos 32 Exploration and Production Contract located in the Llanos basin from TC Oil and Services Ltd.
Apco plans to fund both investments with cash on hand. The combined investments total approximately $10.6 million through 2012.



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