Analyst Research Report Snapshot

Title:

Petroamerica Oil Corp - Approaching critical mass

Price:

$10.00

Provider:

Edison Investment Research

Date:

18 Oct 2013

Pages:

3

Type:

AcrobatPDF

Companies referenced:

PTA.V CWV.V GPK.L IE.TO MVN.V PRE.TO PXT.TO

Available for Immediate Download
Summary:

Petroamerica’s operational focus lies in the Colombia’s Llanos basin, where light oil production and relatively low-risk exploration have realised strong cash flows along with a certain amount of repeatability. Reporting 2P reserves of 5.1mmbbl, and having recently revised 2013FY production guidance from 4.5 to 5.0mb/d, Petroamerica has also increased capex guidance from US$70 to US$87m, expected to be fully funded from current cash position of US$55m and cash flow from operations.

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