History & Growth
Petrominerales has been operating in Colombia for 10 years, and even longer in Latin America. In that time, we have discovered and produced nearly 100 million barrels of oil and have established land bases in Colombia, Perú and Brazil, each offering material exploration and development opportunities. Our proved plus probable reserves total more than 40 million barrels at the end of 2012 and are high value. They generate cash flows to fund our capital programs, and have done so over the past three years. Our strength in our assets is attributable to our ability to quickly capitalize on exploration and development opportunities, our asset diversification and the attractive fiscal terms under which we acquire our assets.
We have generated more than $2.6 billion in cash flow from our assets since 2006, and in 2010, we commenced paying a quarterly dividend of $0.125 to shareholders. Not only do we offer existing value with our production, cash flow, reserves, evelopment opportunities and financial position, but Petrominerales also offers upside with our expanding portfolio of opportunities.