Loon Energy Corporation is a Canada-based international oil and gas exploration and development company. The Company owns interests in certain South American oil and gas assets, which include interests in properties in Colombia that are obtained by way of farm-out agreements, and an interest in a block of exploration lands in Peru. The Company's segments include Colombia and Corporate. Through a farm-in agreement, the Company earned an non-operated participating interest in approximately 60,820 hectare block of land covered by the Buganviles Association Contract between Holywell Resources S.A. and Empresa Colombiana de Petroleos (Ecopetrol). The Company has not conducted any active oil and gas operations. The Company pursues and evaluates exploration and development opportunities in the international oil and gas arena.