PTA

Click for PTA's Corporate Presentation

Very strong results from Petroamerica Oil Corp. (TSXV:PTA) today, announcing flow tests from their Las Maracas-11 well at 3,600 bopd.

Average production for the month of July for PTA (up to July 24) was 5,600 bopd, not including production from Las Maracas-11.

The company has over US $48 million in cash on hand, and is fully funded through 2013 and well into 2014, the release says.

A corporate update is also included in the News Release, read: Petroamerica Tests 3,600 BOPD from its Las Maracas-11 Well and Provides an Operations Update for Activities in Colombia.

Analysts from CIBC World Markets, Canaccord Genuity, TD Securities, Haywood, Salman Partners and other firms say PTA is undervalued, last at $.235.

TSXV:PTA 12 Month Chart

TSXV:PTA 12 Month Chart

We own equity in Petroamerica. Always do your own due diligence.