CALGARY, Nov. 26, 2012 /CNW/ - Petroamerica Oil Corp. (TSX-V:PTA) ("Petroamerica" or the "Company"), a junior oil and gas company operating in Colombia is pleased to announce the spud of the Las Maracas-6 appraisal well on Las Maracas Field, on November 21, 2012. The Las Maracas Field is located on the Los Ocarros Block in the Llanos Basin of Colombia, where Petroamerica holds a 50% working interest.
The Company also hosted an institutional investors and research analysts visit in Colombia. The investor group was provided with an overview of the Las Maracas operations and the La Casona-1 discovery. They were also taken on a tour of a production facility, the Equion Cusiana Processing Facility and OCENSA oil pipeline. Colin Wagner, Petroamerica's CFO, commented "this has been a unique opportunity for Petroamerica to showcase to the investment world its success in Colombia. Having these investors and analysts see what we are doing on the ground shows how far the Company has come over the last eighteen months."
The Company would also like to inform shareholders that it will hold its Annual General Meeting at 3:00 PM Mountain Standard Time on Wednesday, November 28 at the Metropolitan Center, Tivoli/Strand Room, 333 4th Ave. SW, Calgary, Alberta, Canada. The Company will also be providing an overview of its operations at that time. All shareholders and interested parties are welcome to attend.
Petroamerica Oil Corp. is a junior oil and gas exploration and production company with activities in Colombia. Petroamerica has production coming from two oil discoveries and has interests in seven exploration blocks, all located in Colombia's Llanos Basin. Petroamerica's shares are listed on the TSX Venture Exchange under the symbol "PTA".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Petroamerica Oil Corp.
For further information:
President and CEO
Executive Vice President Exploration & Business Development