Petaquilla – News, Oil & Gas Petrominerales continues search for new opportunities – Colombia, Peru
Petaquilla – News, PMG had attempted to purchase a 50.1% stake in Interoil through a share issue
Canada’s Petrominerales (TSX: PMG) will no longer Attempt to Acquire Norwegian E & P outfit Interoil’s Latin American assets and will focus on INSTEAD New Opportunities in Peru and Colombia, CEO Corey Ruttan Told BNamericas. Petrominerales had attempted to purchase a 50.1% stake in Interoil through a share issue. Last week the Norwegian firm rejected Petrominerales’ offer, instead opting to sell stock to existing shareholders and new investors at a lower price. Last week the Norwegian firm Petrominerales Rejected ‘offer, encourage opting to sell stock to Existing Shareholders and Investors at a new lower price. “The equity transaction was allowed to go ahead at a lower price, and we’ve accepted that and will move on,” Ruttan said. “The equity transaction Was Allowed to go ahead at a lower price, and we’ve accepted That and will move on,” Ruttan said. BVC The company expects STI listing on Colombia’s local exchange to BVC OCCUR Before year-end. “There is good access to capital and it is good for our visibility,” Ruttan said. “I do expect to see more Canadian companies doing the same.” “I do expect to see more Canadian companies doing the same.” Petrominerales is a Latin America-focused E&P company producing oil in Colombia with 17 exploration blocks in the Llanos and Putumayo basins and five exploration blocks in Peru in the Ucayali and Titicaca basins. Petrominerales is a Latin America-Focused Producing E & P oil company in Colombia with 17 exploration blocks in the Llanos and Putumayo basins and five exploration blocks in the Ucayali in Peru and Titicaca basins. The Company reported production rates of 44.203 b / d in Q2, a 105% gain year-on-year. Net income for the quarter was US$81.2mn. Net Income for the quarter Was U.S. $ 81.2mn.
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