Business: Petrominerales to close Pan Andean deal by April 13

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News - Thursday, April 1, 2010

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* Petrominerales to close Pan Andean deal by April 13 - Colombia, Peru

Canadian oil company Petrominerales' (TSX: PMG) acquisition of Pan Andean Resources (AIM: PRE) is due to close on April 13, company CFO Corey Ruttan told BNamericas.

Petrominerales in December 2009 announced the US$31.1mn transaction, which involves acquiring interests in Colombia's Antorcha block and Peruvian blocks 114, 131, 141 and 161,

The five areas span a combined 6.8M gross acres (2.75Mha, 2.7Mha net).

For each Pan Andean share, Petrominerales offered 0.15 pounds (US$0.24) and one shar ... more
http://www.bnamericas.com/news/oilandgas/Petrominerales_to_close_Pan_Andean_deal_by_April_13_-_CFO/180971161

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* Kirk HaneyCEO - SG Biofuels<p><em>With an uptick in oil prices and increasing fuel efficiency and environmental regulations, biofuels have gained new impetus as governments and companies look to lower costs and reduce their car... more

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