Petrominerales is pleased to announce the successful completion of our previously announced plan of arrangement, pursuant to which Pacific Rubiales Energy acquired all of the outstanding shares of Petrominerales. Pursuant to the Arrangement, each share of Petrominerales has been exchanged for C$11.00 cash and one share of a new Brazil focussed [...]
Petrominerales is pleased to announce that at a special meeting held November 27, 2013, the holders of shares of Petrominerales approved the previously announced plan of arrangement involving Petrominerales, Pacific Rubiales Energy and the company formerly known as 1774501 Alberta Ltd. Prior to the Meeting, the name of 1774501 Alberta Ltd. was [...]
Petrominerales is pleased to announce we have obtained an Interim Order of the Court of Queen's Bench of Alberta providing for, among other things, the holding of a meeting of the shareholders of Petrominerales to approve the previously announced arrangement under the Business Corporations Act (Alberta) involving Petrominerales, 1774501 Alberta [...]
Petrominerales announces an operational update. Casanare Este Block, Colombia On our Casanare Este Block, we drilled our first appraisal well to our Curito discovery, Curito-2. The Curito discovery well tested oil in four different reservoir formations, the Ubaque, Gacheta, Mirador and Carbonera C7. Since June 13th, Curito-1 has been on production [...]
On September 29, 2013 Petrominerales announced that it had entered into an agreement with Pacific Rubiales Energy to acquire all of the issued and outstanding shares of Petrominerales through an acquisition governed by a plan pursuant to the Business Corporations Act (Alberta). Under the ABCA, these types of acquisitions are known as a Plan of [...]
CALGARY, ALBERTA--(Marketwired - Sep 29, 2013) - Petrominerales (TSX:PMG) (BVC:PMGC) announces we have entered into an agreement (the "Arrangement Agreement") with Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA:PREB) ("Pacific Rubiales") under which Pacific Rubiales will acquire all of the outstanding shares of Petrominerales by way of [...]
Petrominerales confirms that our dividend for the third quarter of 2013 will be paid on October 15, 2013 to Petrominerales shareholders of record on September 30, 2013. The third quarter 2013 dividend payment will be CDN$0.125 per Petrominerales share, payable in cash or shares at the election of each shareholder. The ex-dividend date is September [...]
Petrominerales announced they will host their Peters & Co. Limited 2013 Energy Conference webcast on 12-Sep-13 at 10:00 ET. Please visit to join the webcast. For a complete program of the September 10th Conference webcasts. Create your own MY CNW account to easily save and manage all the CNW news that is important to you - news releases [...]
Petrominerales announces that our Taya-1 well production tested 5,218 barrels of oil per day following a recompletion in the Mirador formation. We production tested the primary target of our Taya-1 well, the Mirador formation, for a total of 54 hours and the well produced an average of 5,218 bopd of 23.2 degree API oil with a 30% water cut. The [...]
Petrominerales announces 2013 second quarter financial results and an operational update highlighted by July production of 23,975 barrels of oil per day. SECOND QUARTER FINANCIAL AND OPERATING HIGHLIGHTS New reserves additions from our Curito-1 and Taya-1 oil discoveries and successful appraisal drilling on our Mantis oil field, extending the oil [...]
Petrominerales announces that at today's properly and validly constituted meeting of bondholders of Petrominerales' 2.625 per cent Senior Unsecured Convertible Bond Issue 2010/2016, issued by our indirect wholly-owned subsidiary Petrominerales Bermuda Ltd., quorum was present, and bondholders unanimously voted in favour of the proposed amendments [...]
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