LA Cortez Energy Inc (LCTZ)

La Cortez Energy, Inc., was incorporated in the State of Nevada on June 9, 2006 under the name La Cortez Enterprises, Inc. to engage in certain business opportunities in Mexico. The Company was originally formed to create, market and sell gourmet chocolates wholesale and retail throughout Mexico. In early 2008, the Company changed its name to La Cortez Energy, Inc. The Company with its subsidiaries, La Cortez Energy Colombia, Inc., a Cayman Islands Corporation, and La Cortez Energy Colombia, E.U., a Colombia Corporation, is an international, early stage oil and gas exploration and production company concentrating on opportunities in South America. The Company had established a subsidiary in Colombia to explore E&P opportunities in Colombia and Peru. The Company has elected to dissolve its Colombian subsidiary. The oil and gas industry is highly competitive. The Company faces competition from both local and international companies in matters such as acquiring properties, contracting for drilling equipment and securing trained personnel. The Company's activities would be subject to existing laws and regulations governing environmental quality and pollution control in the foreign countries where they expect to maintain operations.