Petrominerales Ltd. (“Petrominerales” or the “Company”) (TSX: PMG), a 67% owned subsidiary of Petrobank Energy and Resources Ltd. (“Petrobank”) (TSX: PBG), announces that the Chiguiro Oeste-1 and Corcel Boa-1 exploration wells have been cased as potential oil wells. The Corcel-F1 exploration well, originally cased as a potential oil well, will be re-completed for water disposal after testing non-commercial rates of hydrocarbons.
PETROMINERALES TO ABANDON CHIGUIRO ESTE-1 WELL
Petrominerales Ltd. (“Petrominerales” or the “Company”) (TSX:PMG), a 66.7% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG), announces that the Chiguiro Este-1 exploration well is to be abandoned.