PetroMagdalena announces normalization of operations at Cubiro in the province of Casanares

abarrelfullabarrelfull wrote on 13 Mar 2012 12:36
Tags: colombia petromagdalena s-america upstream

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PetroMagdalena Energy Corp. (TSXV: PMD) is pleased to announce the normalization of operations in our Cubiro Block located in the province of Casanares. In previous days there was an illegal protest where public roads in the province of Casanares were being blocked and this led to a lack of public order in the area. Rig operations were interrupted and trucking operations were also halted which impacted production schedules. The unlawful blockade was lifted Wednesday evening, March 7th. With the blockade now removed, operations are returning to normal levels.

PetroMagdalena wishes to thank the Colombian Government for its involvement in the process of the blockade and its resolution to restore order in the area. The Company also expresses its gratitude to the Governor of Casanare, the Mayors of Trinidad and San Luis de Palenque and the members and leaders of the communities of these two municipalities for their hard work in this respect. PetroMagdalena is fully committed to working with all stakeholders on these matters, and acknowledges the need to continue a discussion on the implementation of sustainable solutions for the area.

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