Americas Petrogas Announces Q3 Results

Americas Petrogas Inc. (TSXV:BOE) announces Q3 results and updates on their potash, phosphates, and other minerals project in the Sechura Desert, Bayovar, Peru.

As quoted in the press release:

The Company continues to advance on its potash and phosphates projects in Peru. Recently, the Company acquired an additional approximately 10,000 hectares (24,700 acres) of concession lands in the Sechura Desert with potential for phosphates and other minerals. Golder Associates Ltd. in Peru has been engaged to assist the Company towards completion of a resources assessment for phosphates. Ercosplan, the Company’s consultant responsible for completing a Potash resources assessment, continues to advance and expects completion of the assessment before the end of 2012.

Americas Petrogas’ President and Chief Executive Officer, Barclay Hambrook, said:

The Company is well positioned to increase production, enhance reserves, and deliver solid growth from its large asset portfolio of conventional and unconventional (tight oil, gas and condensate sands, shale oil and shale gas) lands through an aggressive drilling program during 2012 and into 2013.

To view the whole press release, click here.