11:39 AM EST - Petrominerales Ltd. : announced our 2011 fourth quarter and year end financial results highlighted by funds flow from operations of $213.3 million U.S. or $2.14 U.S. per share for the fourth quarter and $786.2 million U.S. or $7.69 U.S. per share for the year, our highest amount ever. Net income has been adjusted for the IFRS accounting effects of changes in the derivative financial liability. For the year ended December 31, 2011 adjusted net income includes a $167.0 million reduction (December 31, 2010 - $139.1 million increase). Petrominerales Ltd.
shares T.PMG are trading up $0.05 at $18.29.
