Petrominerales Records Net Income of $15.3 Million in the Second Quarter
Press Release Source: Petrominerales Ltd., Petrobank Energy and Resources Ltd.
On Wednesday August 5, 2009, 11:50 pm EDT
BOGOTA, COLOMBIA--(Marketwire - Aug. 5, 2009) - Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG - News), a 67% owned subsidiary of Petrobank Energy and Resources Ltd. (TSX:PBG - News), is pleased to announce second quarter financial and operating results highlighted by a 194% increase in production to 21,548 barrels of oil per day ("bopd") and a 20% increase in funds flow from operations to $64.1 million ($0.63 per share diluted).
FINANCIAL & OPERATING RESULTS
The following table provides a summary of Petrominerales' financial and operating results for the three and six months ended June 30, 2009 and 2008. Interim consolidated financial statements with Management's Discussion and Analysis ("MD&A") are available on the Company's website at www.petrominerales.com and will also be available on the SEDAR website at www.sedar.com.
(All references to $ are United States dollars unless otherwise noted)
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