CALGARY, ALBERTA--(Marketwired - Oct 15, 2013) - Americas Petrogas (TSX VENTURE:BOE) ("Americas Petrogas" or the "Company") announces that it has updated its website and has posted a new Investor Presentation on its updated website at www.americaspetrogas.com.
The new presentation includes, among other things:
- A summary of the recent conventional reserves update, announced on September 26, 2013, and the unconventional resources information, announced on August 22, 2013, prepared by Ryder Scott Company independent reservoir engineers, along with detailed maps showing the resources by block; and
- A summary of recent activities being conducted by other companies in the Neuquen Basin.
As previously announced, the Company has engaged Jefferies LLC as its sole financial advisor as it considers a range of strategic alternatives, potentially including a sale or merger of the Company, joint venture(s), a sale of specific assets, as well as continued execution of the Company's business plan.
In the updated website, the Company has added an "Events Section" which provides dates and locations for industry and shale conferences to which the Company has been invited to present/attend.
About Americas Petrogas Inc.
Americas Petrogas Inc. is a Canadian company whose shares trade on the TSX Venture Exchange under the symbol "BOE". Americas Petrogas has conventional and unconventional shale oil and gas and tight sands oil and gas interests in numerous blocks in the Neuquén Basin of Argentina. Ryder Scott Company of Houston has completed an independent report dated June 30, 2013 for the Company estimating recoverable resources of 8.3 Billion Barrels of oil Equivalent (see Americas Petrogas News Release dated August 22, 2013 including important disclosures). Americas Petrogas has joint venture partners, including ExxonMobil and Apache, on various blocks in the shale oil and gas corridor in the Neuquén Basin, Argentina.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.