• Global holds 3 Association Contracts with Ecopetrol S.A. ("Ecopetrol"), the state owned Colombian oil company - the Alcaravan, Bolivar and Bocachico Contracts;
• Global holds 2 exclusive Exploration and Production Concession Contracts with the National Hydrocarbons Agency of the Republic of Colombia ("ANH") – the Rio Verde and Los Hatos Contracts.

The Alcaravan Contract gives Global the right to explore for, develop and produce oil and gas throughout approximately 24,000 acres in the Alcaravan area of Colombia, which is located in the Llanos Basin approximately 140 miles east of Santafe de Bogotá.

The Bolivar Contract gives Global the right to conduct exploration and production activities and drilling throughout approximately 21,000 acres in the Northern Middle Magdalena Valley of Central Colombia.

The Bocachico Contract gives Global the right to conduct exploration and production activities and drilling on an area which covers approximately 54,700 acres in the Middle Magdalena Valley of Central Colombia.

The Rio Verde Contract grants Global exclusive exploration and production rights to approximately 75,000 acres located in the Central Llanos region and approximately 40 kilometres from the Alcaravan Contract area.

The Los Hatos Contract grants Global exclusive exploration and production rights to 295 acres located in the Central Llanos region and adjoined to the Alcaravan Contract area.