Articles Tagged "acreage"

Petrominerales Updates 2011 Capital Program

Petrominerales Ltd. (TSE:PMG), a 65 percent owned subsidiary of Petrobank Energy and Resources Ltd. (TSE:PBG) confirms our 2011 capital and strategic plan.

Crude Output surged 25% as Cairn has set to pump Oil

India’s crude output will surge by a quarter in phases commencing next month when Scottish explorer Cairn Plc’s Indian arm, listed on the Bombay Stock Exchange, begins pumping from the Mangla field of its Rajasthan acreage. At an optimum production level, the acreage is estimated to reduce India’s oil import bill by $6.8 billion, or [...]