Porto Energy Corp. operates as a development-stage enterprise focused on... Porto Energy Corp. operates as a development-stage enterprise focused on exploring for crude oil and natural gas deposits within Portugal. The company possesses full (100%) working interests across seven concessions situated in Portugal's Lusitanian Basin. These concessions—Aljubarrota-3, Torres Vedras-3, Sao Pedro de Muel-2, Cabo Mondego-2, Rio Maior-2, Zambujal, and Peniche—collectively span approximately 1.6 million net acres. Established in 1993, Porto Energy Corp.'s corporate headquarters are located in The Woodlands, Texas.