Transportation Contract General Conditions

• Expiration Date: 29 July 2012
• Date: 30 January 2012
• Parties: SOLANA PETROLEUM EXPLORATION COLOMBIA LIMITED ("SENDER"), ECOPETROL S.A.("ECOPETROL") ("SHIPPER")
• State: Colombia
• Section: Commercial Contracts

EXHIBIT 10.6

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TRANSPORTATION CONTRACT

SPECIFIC CONDITIONS

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PURPOSE

ECONOMIC CONDITIONS

CONTRACTED CAPACITY

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POINTS OF ENTRANCE AND EXIT

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MANSOYÁ- TUMACO

Date

Bogota D.C. January 30, 2012

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Contract No.

VIT-005-2012

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SENDER

SOLANA PETROLEUM EXPLORATION

COLOMBIA LIMITED

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TAX ID

830.051.027-8

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SHIPPER

ECOPETROL S.A.

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TAX ID

899.999.068-1

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TYPE OF

CRUDE

OWN PRODUCTION

x

PROPERTY

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Transportation Service of liquid hydrocarbons through the “Trasandino”Pipeline(OTA)andMansoyá-Orito (OMO) pipeline.

Estimated Value of the Contract

Six millions seven hundred forty five thousand dollars of The United States of

America (USD$6.745.000).

Rate “Mansoyá-Orito”Pipeline (OMO)

Cero point five one nine two dollars of The Untied States of America

(USD$0,5192) per Barrel

Rate “Trasandino”Pipeline (OTA)

Three dollars eleven forty three cents of dollars of The Untied States of America

(USD$3,1143) per Barrel.

PRODUCT

Daily Average

(Barrels/calendar day)

Monthly average

(Barrels/month)

Crude

10.000

300.000

TERM OF EXECUTION

From January 30, 2012 until July 29, 2012

Point

#

Type of Point

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Name of Point

Distance

(km)

1

Point of Entrance

Entrance bridle to the srapers tramp in the PK 35+400 of

OMO

377,3

2

Point of Exit

Exit bridle to the main tanks of Tumaco Plant.

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SPECIFICATIONS OF PRODUCTS TO BE SHIPPED

PRODUCT CHARACTERISTICS

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Quality Specifications of Crude:

Bases on the operating conditions of the “Trasandino”Pipeline, ECOPETROL shall only receive daily crude oil from the SENDER up to a maximum

equivalent to 12% of the total light crude received in the day at the Orito Plant.

The indicated Quality Specifications correspond to those which the final mix of crude delivered by the SENDER shall have. In the event in which

the Crude delivered by the SENDER fails to meet the Quality Specification and if the buying of dissolvent is required to make mixes, the SENDER

shall request approval from ECOPETROL before its delivery for transportation by ECOPETROL.

It is the SENDER’s responsibility to ensure its possession, control and entitlement to deliver or make deliver on its behalf the crude received by

ECOPETROL at the Entrance Point. The SENDER shall hold ECOPETROL harmless against any claim, action or damages which may result from

suits, claims or administrative, judicial or extrajudicial actions from any third persons alleging ownership or possession on the crude to be shipped.

BONDS

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In witness whereof, and accepting the General Conditions and the Specific Conditions this Contract is subscribed in two (2) duplicates of the same

contentinthecityofBogotáonthethirtieth(30th) day of the month of January, 2012.

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Characteristics

Lower Limit

Upper Limit

Temperature

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120°F

Viscosity

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300 cSt 30ºC.

Water and sediments (BSW)

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0,5 % in volume

Salt

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20 PTB

Steam pressure

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Eleven(11)psiat100°F

Gravity in API degrees

18 degrees

50 degrees

TYPE OF BOND

AMOUNT

Performance Insurance Policy

Four thousand forty seven millions of Colombian pesos ($4.047.000.000)

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1

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All notifications and communications to be delivered to the Parties as a result of the execution of the Contract hereof shall be made to the

addresses indicated as follows:

ECOPETROL

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THE SENDER

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BY THE SENDER:

BY ECOPETROL S.A.:

Signature

“

/

s/ Duncan Nightingale”

Signature

“

/

s/ Rafael Espinosa Rozo”

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Name:

DUNCAN NIGHTINGALE

Name:

RAFAEL ESPINOSA ROZO

Title:

Legal Representative

Pasaporte No. BA386341

Title:

Pipelines Manager

C.C.No.79.432.773deBogotáD.C.

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Signature

“

/

s/ Hugo Rodriguez”

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Name:

HUGO RODRIGUEZ

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Title:

Legal Representative

C.C. No. 3.093.980

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ADDRESS

5.1

Carrera 7 No. 37 -69Piso9EdificioTeusacá

TELEPHONE

5.2

2343491

FAX

5.3

2343532

CITY

5.4

BogotáD.C.

ADDRESS

5.5

Calle 113 No. 7 - 80 Piso 17

TELEPHONE

5.6

6585757

FAX

5.7

2139327

CITY

5.8

BogotáD.C.

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