Petrominerales Ltd. (PMG.TO)

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dan_s
Posts: 34633
Joined: Fri Apr 23, 2010 8:22 am

Petrominerales Ltd. (PMG.TO)

Post by dan_s »

I started working on a profile for PMG today. It will be spun out by Petrobank by year-end. Start doing your homework because this one is heading to the Sweet 16 once it is a stand alone company. I'm expecting a dip in the share price during the week after the shares are distributed by Petrobank. That should give us an excellent entry point.

If you like TGA you will like this one. It has HUGE international projects with incredible upside.

Petrominerales Ltd. is a Latin America-based exploration and production company producing oil in Colombia with 15 exploration blocks covering a total of 2.0 million acres in the Llanos and Putumayo Basins and five exploration blocks in Peru covering a total of 9.5 million gross (5.4 million net) acres in the Ucayali and Titicaca Basins. Petrominerales is 65% owned by Petrobank Energy and Resources Ltd.
Dan Steffens
Energy Prospectus Group
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