REPEAT-Americas Petrogas New 6,300 bopd Oil Treatment Plant
CALGARY, ALBERTA -- (Marketwire) -- 01/08/13 -- Americas Petrogas
(TSX VENTURE:BOE) ("Americas Petrogas" or the "Company") is pleased
to announce that it has successfully started-up:
(1) the Company's new, expanded oil treatment facility, capable of
treating approximately 6,300 bopd, located on its Medanito Sur block;
(2) the Company's new tanker truck terminal and LACT unit located in
the province of Rio Negro where the Company delivers its oil into the
regional pipeline carrier. A LACT (lease automatic custody transfer)
unit measures the volume and quality of oil being transferred from
the Company to the pipeline carrier.
Mr. Barclay Hambrook, President and CEO of Americas Petrogas said,
"Our new, expanded facilities, which allow us to treat oil to
pipeline specifications, should position us to reduce our per-barrel
production costs. We thank our team in Argentina for their
perseverance and dedication in completing this important milestone."
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 and tight sands) oil and
gas interests in numerous blocks in the Neuquen Basin of Argentina.
Americas Petrogas has joint venture partners, including ExxonMobil,
Apache and Gran Tierra Energy, on various blocks in Argentina. For
more information about Americas Petrogas, please visit
Certain statements contained in this press release constitute
"forward-looking statements" as such term is used in applicable
Canadian and US securities laws. Any statements that express or
involve discussions with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions or future events
or are not statements of historical fact and should be viewed as
"forward-looking statements". These statements relate to analyses and
other information that are based upon forecasts of future results,
estimates of amounts not yet determinable and assumptions of
management. Such forward looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or ach
ievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
In particular, statements (express or implied) contained herein
regarding the 6,300 bopd capacity of the oil treatment facility and
reduced per-barrel production costs should all be viewed as
There can be no assurance that such forward-looking statements will
prove to be accurate as actual results and future events could vary
or differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements contained in this press release. The
forward-looking statements contained herein are expressly qualified
by this cautionary statement.
Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date the statements are made and the
Company undertakes no obligation to update forward-looking
statements, if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable law.
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.
Americas Petrogas Inc.
Barclay Hambrook, P. Eng., MBA
President and CEO
Press spacebar to pause and continue. Press esc to stop.