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Petroamerica Announces 2015 Guidance and Capex

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Petroamerica Announces 2015 Guidance and Capex

Petroamerica Oil Corp. has presented its expected production and capital expenditure guidance for the first half of 2015 and provide a 2014 production update (note:all financial amounts shown are in United States Dollars unless otherwise stated).

In response to the current volatility in world commodity prices Petroamerica is limiting its production, capital and work program guidance to the first six months of 2015. The Company will periodically update its guidance in response to changes in oil prices and the results from the scheduled exploration and appraisal activities that will take place in the first two quarters of the year.

Capital Program for the First Six Months of 2015: Brent Oil Price Assumption $55 per Barrel

Petroamerica's capital expenditure program for the first six months…

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