Perisson Petroleum Corporation says that, through a Colombian government initiative that is applicable to all exploration blocks in Colombia, it has received an extension on its VMM-17 block in Colombia, South America.

The extension provides the Company with an additional nine months in 2015 and six months in 2016 to meet the obligations contained in our VMM-17 License, effectively rewarding the Company with an extension until June 30, 2016.

Additionally and separately, the Company has utilized existing clauses in its contract with the Colombian authorities to formally request a long-term license extension based upon relatively standard circumstances. The Company expects this request to be satisfied in the near-term.

Tags: Perisson Petroleum Corporation