PetroMagdalena Energy

=Company Profile=

PetroMagdalena Energy Corp. engages in the acquisition, exploration, and production of oil and gas properties in Colombia. In July 2011 Alange Energy Corp. announced that it would change its name to PetroMagdalena Energy Corp.

Luis Giusti, who founded Alange Energy and took the company public in 2009, was the last President of PDVSA of Venezuela before the era of Hugo Chavez. He stepped down from his position as CEO of Alange Energy in January 2011.

=Operations in Colombia=

PetroMagdalena has operations in the Llanos Basin, Catatumbo Basin, Putumayo Basin and Middle Magdalena Basin. In total the company has proved reserves of 7,614 million barrels of oil equivalent (boe) in the country.

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