Petrominerales Reports a 52% Increase in Production in the Third Quarter
Investing News Network - November 3rd, 2010
Petrominerales Ltd. (TSE:PMG) reports solid results for the third quarter of 2010 highlighted by a 52 percent increase in production.
Petrominerales Ltd. (TSX:PMG) reports solid results for the third quarter of 2010 highlighted by a 52 percent increase in production.
The press release is quoted as saying:
Petrominerals maintained high operating netbacks at US$47.82 per barrel, a 12 percent increase over 2009. Our balance sheet remains strong with a US$517.4 million net working capital surplus and an undrawn $150 million credit facility.