Cannacord Morning Coffee on PDQ Apr 13Petrodorado Energy* (PDQ : TSX-V :
.42), Net Change: 0.01, % Change: 1.20%, Volume: 2,025,843
A drill-bit growth company. Petrodorado provided an operational update on its Colombia assets: i) Mauritia Este Prospect
(Moriche Block) – As announced on February 25, 2010, Petrodorado, along with its joint venture (JV) partner Pacific Rubiales
(PRE), successfully completed a discovery well ME-1 as a Mirador producer on the Moriche block in the Llanos Basin of
Colombia. The ME-1 well tested at a peak rate of 693 bopd of 14-degree API oil and is expected to be tied in and on production
in May 2010. The drilling of additional production wells in the same structure is being planned by the JV partners. These
additional wells are expected to be drilled during the second quarter of 2010. Petrodorado has a 49.5% interest in the Moriche Block; ii) Buganviles Block – Petrodorado has a 49.5% working interest in the Buganviles Block located in the Upper
Magdalena Basin of Colombia. Final well locations are presently being defined in conjunction with PRE. The first exploration
well is expected to commence drilling in June 2010; iii) Talora Block – Petrodorado has a 55% working interest in the Talora
Block located in the Upper Magdalena Basin of Colombia. The company acquired 122 km of 2D seismic data in March 2010
and seismic processing and interpretation are underway. An exploration well targeting 25- to 35-degree API oil is planned for
September 2010; iv) Tacacho Block – In January 2010, Petrodorado acquired a 49.5% working interest in the Tacacho Block
located in the Putumayo Basin of Colombia. The Tacacho block measures approximately 599,000 hectares and is located in the
foreland basin of the Putumayo mountain range, in the Eastern Cordillera of Colombia. PRE has a 50.5% working interest in the
block. The 24-month-long exploration program includes the acquisition, processing and interpretation of 480 kilometres of 2D
seismic data. Initial environment assessments are underway for the seismic program; and v) La Maye Block – Petrodorado
drilled the Noelia-1 an oil well on the La Maye Block in October 2009. A second exploration well is expected to commence
drilling in June of 2010 and the first exploration well is planned to be tested after the testing of the second well. Petrodorado has
a 20% interest in this block.