11:59 AM EST - Petrominerales Ltd. : announced its second-quarter results highlighted by funds flow from operations of $194.7 million U.S. or $1.88 U.S. per share. The company’s successful Cobra exploration well is producing over 4,000 barrels of oil per day ("bopd"). Production averaged 40,308 bopd in the quarter and the company grew its operating netbacks to $69.59 U.S. per barrel, a 37% increase over 2010. Petrominerales Ltd.
shares T.PMG are trading down $1.97 at $26.91.
