Since entering Colombia in 1996, Petrominerales Ltd. has become an increasingly important player in the country’s hydrocarbon industry. The Colombian government has stimulated oil and gas activity in the country by introducing compelling new contracting and fiscal terms making it one of the most attractive places in the world to explore.

Headquartered in Bogotá, Petrominerales began production from two development fields in 2003, both with high-impact growth potential. On the exploration front, the company has amassed 1.5 million acres of exploration lands in two of the country’s most prolific basins.

On June 29, 2006, Petrominerales began trading on the Toronto Stock Exchange under the Symbol PMG. Previously it had operated as a wholly-owned subsidiary of Calgary-based Petrobank Energy and Resources Ltd., which today owns 76.6 percent of the outstanding common shares.