Executive Summary
Adulis Resources Inc. is a resource exploration and production company headquartered in Calgary, Alberta, Canada. Adulis is engaged in the exploration for and the acquisition, development and production of oil and natural gas. The company's exploration and development properties are located in Colombia, South America. In July 2004, Adulis announced it had entered into a share purchase agreement with the shareholders of Solana Petroleum Exploration Colombia Limited (Solana) in which Adulis agreed to purchase all of the issued and outstanding shares of Solana. This transaction was completed in November of 2004.
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