11:50 AM EST - Petrominerales Ltd. : announced the results of independent year-end reserves evaluation and provide an update on its operations in Colombia and Peru. Highlights Include: The Tucuso-1 exploration well on our Mapache Block encountered 38 feet of potential net oil pay and we plan complete the well for production by the end of February; The company identified an initial 72 feet of potential net oil pay in its La Colpa 2X well in Peru; At December 31, 2011, proved plus probable reserves totaled 51.5 million barrels with a net present value discounted at 10% of $2.3 billion. Petrominerales Ltd.
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