Petrominerales Ltd. is pleased to provide an update on recent exploration activities, highlighted by our decision to case Candelilla-1 as a potential oil well, the re-alignment of our drilling plans to incorporate the immediate drilling of Candelilla-2 and the testing of heavy oil at our Percheron-1 well.
PETROMINERALES TO ACQUIRE PANANDEAN RESOURCES PLC
Petrominerales Ltd. is pleased to announce that we have agreed to acquire all of the outstanding shares of PanAndean Resources PLC (“PanAndean”) (AIM:PRE) by way of scheme of arrangement (the “Scheme”), to be completed in accordance with the United Kingdom Companies Act 2006.