Screen shot 2013-08-21 at 5.15.56 PM

Click here for the news release

Petroamerica Oil Corp. (TSXV:PTA) just reported net income of $11.2 million for the quarter ended June 30, 2013.

A review of the quarter and an Activity Schedule of upcoming catalysts can be found in the news release.

Read: Petroamerica Announces Second Quarter 2013 Results and Surpasses 6,000 bopd Production Milestone

PTA also announced that they have surpassed the 6000 barrels per day production milestone.

The company has come a long way from the 1500 barrel per day operation we met a year ago and management deserves full credit.

Here's the strengthening 36 month PTA chart:

Hist (3)

We own some PTA. Do your own due diligence.