Petrominerales Reports a 52% Increase in Production in the Third Quarter

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.

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