Exploration & Production
Petroamerica Ramps Up Colombian Production; Hits TD at La Casona
Print
|
Petroamerica Oil Corp. has reported an operating and financial update for activities in Colombia.
The Company's cash position, as of September 30, 2013 , was approximately US$64 million and all planned future capital programs through 2014 are expected to be fully funded from a combination of cash-on-hand and projected revenues.
Company working interest production for the third quarter averaged 5,951 barrels of oil per day (bopd), an increase of 18% over production levels reported for the second quarter of 2013. Company working interest production for the month of September averaged 6,213 bopd, compared to an August average of 5,997 bopd, representing a 4% increase.
Las Maracas Field, Los Ocarros Block (50% Working Interest)The Las Maracas field oil production averaged 12,200 bopd gross…
Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in