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Latest Headlines
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Nov 30, 2009 11:35:00 AM MST
Petrominerales plans to drill more wells in Latin America next year (Petrominerales)
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CALGARY _ Oil producer and explorer Petrominerales Ltd. (TSX:PMG) says it is expanding its Latin American drilling program in 2010.
The company plans to drill 14 wells on its Corcel property in Colombia throughout next year.
It also expects to drill 37 wells on its Neiva block, and up to 13 wells in the Llanos Plains region.
The release from Petrominerales did not disclose how much the firm planned to spend in 2010 compared to this year.
Petrominerales is the Latin American subsidiary of Calgary-based Petrobank Energy and Resources Ltd. (TSX:PBG).
Petrobank is known for pioneering a heavy oil extraction technology that requires no water and very little natural gas called Toe to Heel Air Injection, or THAI.
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