PetroNova Inc., through its subsidiaries, engages in the acquisition, exploration, and development of oil and natural gas resources in South America. The company owns 100% interest in PUT 2 and Tinigua blocks in the Caguan-Putumayo basin and has a 20% participating interest in three blocks, including CPO 6, CPO 7, and CPO 13 in the Llanos basin, which cover approximately 1,840,174 gross (519,196 net) acres combined. It has a strategic partnership with Tecpecol S.A. The company was formerly known as Inepetrol Inc. and changed its name to PetroNova Inc. in May 2010. PetroNova Inc. was incorporated in 2009 and is based in Calgary, Canada.