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Americas Petrogas Inc. (CVE:BOE) announces that during the third quarter, the Company continued to sell oil produced from exploratory wells on Medanito Sur block.
Americas Petrogas Inc. (TSXV:BOE) announces that during the third quarter, the Company continued to sell oil produced from exploratory wells on Medanito Sur block.
The press release is quoted as saying:
Highlights: The Company sold 30,832 barrels of oil during the quarter, generating $1.70 million of gross revenues and $1.27 million of net revenues; The Company completed a 3D seismic data acquisition program on Gobernador Ayala IV. Analysis and interpretation of the results is ongoing, the Company drilled three exploration wells on the Los Toldos II block. The wells are currently being studied and tested and results are expected by December; quarter-end balances: Cash is over $16 million and working capital is over $10 million.
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