Brookwater Ventures Inc Is Canada-based oil and gas exploration company. The Company is engaged in the business of exploring, developing and producing conventional and non-conventional oil and gas reserves in Brazil. The Company�s wholly owned subsidiaries include Brookwater Bermuda Holdings Limited, Brookwater (Brazil) Limited, and Agua Grande Exploracao e Producao de Petroleo Ltda, (Agua Grande). Agua Grande is a party to a farm-out agreement with Somoil and Sonangol, pursuant to which Agua Grande acquired an undivided 30% interest in an oil & gas exploration concession located in the Reconcavo Basin in Brazil. The Concession for Block 166, which covers an area of 30 square kilometers, was awarded to Sonangol by the Brazilian National Petroleum Agency (ANP).