| 2012 |
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| November |
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| -Announces Results from the ALC-1 Presalt Exploration Well |
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| September |
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| -Received Approval of its Development and Production Plan Onshore Portugal |
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| August |
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| -Spuds the Alcobaça #1 (ALC-1) Presalt Well with its Joint Venture Partner GALP |
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| July |
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-Secures Enters into Farmout Agreement with PetroĢleos de Portugal - Petrogal (GALP)
-Begins it's stratographic well program as part of Phase 1 of the Sorgenia/Rag JV to determine the outer extent of the Lias |
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| May |
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| -Secures Two Additonal Concessions and Announces a Modified 2012 Work Program |
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| March |
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| -Enters into Definitive JV Agreement to Exploit Tight-Oil Shale Play with Sorgenia International B.V., Netherlands and Rohöl-Aufsuchungs Aktiengesellschaft, Austria |
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| January |
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| -Successfully completed a 240 km2 3D Seismic Program over the Montejunto Anticline in the Torres Vedras Concession |
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| 2011 |
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| December |
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| -Received final enhanced pre-stack time migration processing from the Aljubarrota 3-D seismic shoot outlining the Presalt prospect below the Aljubarrota tight gas play |
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| September |
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-Completion of its analysis of the 65 meters of conventional core and 430 meters of open hole logs
-Reentered ALJ-4, encountered promising reservoir properties and gas shows, but not able to sustain economic production due to water encroachment. Well was plugged and abandoned
-Completed 1,100 km2 of offshore 3-D seismic and began shooting 240 km2 of 3-D seismic over the Montejunto Anticline |
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| August |
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| -Spud SPC-2 well and plugged and abandoned SPC-1 as a dry-hole due to ineffective seal |
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| July |
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- Successfully acquired 60 to 70 meters of conventional core in the Alj-4 well.
- Spud SPC-1 reef well in Torres Vedras
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| May |
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- 1,100 km² offshore 3-D seismic contract signed
- 240 km² onshore Montejuno Anticline contract signed |
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| April |
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- Completed 240 km² 3-D seismic in Torres Vedras and Aljubarrota
- Successfully completed $70.0 million IPO with the Alberto Securities Commission
- Listed on the Toronto Venture Exchange
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| February |
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- Drilling tenders received |
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| January |
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- Netherland, Sewell & Associates NI 51-101 Resource Report completed |
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| 2010 |
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| December |
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-Successfully completed $17.5 million private placement |
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| August |
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| - Began 240 km² 3-D seismic in Torres Vedras and Aljubarrota |
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