Block CPO-4

Gulf United Energy owns the right to a 12.5 percent working interest in Block CPO-4 in Colombia, which includes nearly 350,000 gross acres in the Llanos Basin. Drilling is expected to begin during Q2 2011, with production slated for calendar Q4. In addition, the company plans to drill three wells on the block during 2011, testing the three different plays that have been indentified by existing 2-D and new 3-D seismic data.