PetroMagdalena announces opening of blockade at Cubiro in the province of Casanare

abarrelfullabarrelfull wrote on 23 May 2012 18:38
Tags: colombia petromagdalena s-america upstream

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PetroMagdalena Energy Corp. (TSXV: PMD) announced today the potential resolution of a blockade in our Cubiro Block located in the province of Casanare. In previous days there was an illegal protest where public roads in the province of Casanare 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 has been opened and oil trucking resumed yesterday, however, there are some unresolved issues which are currently under resolution. With the blockade opened, the Company has begun returning the field operations to normal.

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