Petrominerales Announces Closing of Strategic Acquisition of Interest in Colombia’s Ocensa Pipeline

- July 20th, 2011

Petrominerales Ltd. (TSE:PMG) reports that it has closed acquisition of a five percent interest in the Oleoducto Central S.A. crude oil pipeline from Total E&P Holdings, for a purchase price of US$281 million.

Petrominerales Ltd. (TSX:PMG) reports that it has closed acquisition of a five percent interest in the Oleoducto Central S.A. crude oil pipeline from Total E&P Holdings, for a purchase price of US$281 million.

The press release is quoted as saying:

Petrominerales Ltd. is an international oil and gas company operating in Latin America since 2002. Today, Petrominerales is the most active exploration company and the fourth largest oil producer in Colombia. Our high quality land base and multi-year inventory of exploration opportunities provides long-term growth potential for years to come.

Click here to access the entire press release

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