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Last C$0.05 CAD
Change Today +0.005 / 12.50%
Volume 67.0K
PMI On Other Exchanges
As of 3:58 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

petromanas energy inc (PMI) Snapshot

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52 Week High
09/5/14 - C$0.26
52 Week Low
08/24/15 - C$0.04
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petromanas energy inc (PMI) Details

Petromanas Energy Inc., an oil and gas company, acquires, explores, and develops oil and gas properties in Europe and Australia. The company holds a 25% working interest in Blocks 2-3 covering a total area of approximately 638,0000 gross acres in Berati thrust belt, Albania. It also has exploration rights to approximately 1.6 million acres in the Canning Basin in northwest Australia, as well as holds 170,000 acres spanning two permits in Aquitaine Basin, France. The company was formerly known as WWI Resources Ltd. and changed its name to Petromanas Energy Inc. in February 2010. Petromanas Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.

27 Employees
Last Reported Date: 03/26/15
Founded in 1998

petromanas energy inc (PMI) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$330.7K
Chief Financial Officer, Corporate Secretary ...
Total Annual Compensation: C$279.0K
Vice President of Operations, Engineering & B...
Total Annual Compensation: C$273.0K
Vice President of Exploration
Total Annual Compensation: C$273.0K
Executive Advisor
Total Annual Compensation: C$87.2K
Compensation as of Fiscal Year 2014.

petromanas energy inc (PMI) Key Developments

Petromanas Energy Inc. Approves Adoption of By-Law No. 2

Petromanas Energy Inc. announced at the Annual General Meeting of shareholders, the company approved and ratified the adoption of By-law No.2 of the company providing advance notice requirements for the nomination of directors, which had been previously adopted by the Board of Directors.

Petromanas Energy Inc., Annual General Meeting, May 21, 2015

Petromanas Energy Inc., Annual General Meeting, May 21, 2015., at 15:00 Mountain Daylight. Location: The Calgary Petroleum Club. Agenda: To receive the audited financial statements of the company for the year ended December 31, 2014 and the report of the auditors thereon; to appoint the auditors of the company for the ensuing year, and to authorize the board of directors to fix the auditors' remuneration; to fix the number of directors to be elected and to elect the directors of the company for the ensuing year; to consider, and, if thought advisable, pass, with or without variation, to approve the Incentive Stock Option Plan of the company; to confirm the adoption of By-Law No. 2 of the company providing advance notice requirements for the nomination of directors, adopted by the Board of Directors on March 26, 2015; and to transact such other business as may properly be brought before the Meeting or any adjournment or adjournments thereof.

Petromanas Energy Inc. Provides Update on Its Activities in Blocks 2-3 Onshore Albania

Petromanas Energy Inc. announced an update on its activities in Blocks 2-3 onshore Albania. Molisht-1 Well: Petromanas has provided a phased appraisal plan to the Albanian Government for the Shpirag-2 discovery and entered the second exploration period under the Blocks 2-3 PSC on June 3, 2014. The second exploration period has a two-year term. The appraisal plan contemplates drilling additional wells, planning additional seismic, continued fracture studies and the scoping of extended testing facilities. This plan includes the Molisht-1 well which is currently drilling, followed by the Shpirag-3 well located approximately three kilometres south of Shpirag-2. Long lead items have been ordered for Shpirag-3 and the lease and access road construction that commenced in June is substantially complete. Conductor pipe has been set at the drill site. Subsequently, drilling ahead from 4,650 metres, the Company encountered challenges in drilling the lower flysch zone due to poor hole stability caused by the extensive fracturing. The drill bit became stuck on two occasions which required sidetracks to be drilled and has extended the timeframe for drilling operations. Management is encouraged that the oil shows and fractures observed in the Eocene are indicative of the conditions that will be encountered in the Cretaceous age target reservoir. The well is currently drilling ahead in the lower flysch zone at a depth of approximately 4,500 metres. The Company expects to drill the well up to a total depth of approximately 5,800 metres with the anticipation that drilling will be completed in the fourth quarter.


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