 Americas Petrogas (BOE) provides a unique opportunity to participate in an oil and gas company with an average 68% working interest and 100% operatorship on 1.3 million acres over 11 blocks in the Neuquen Basin, an area responsible for 60% of Argentinean oil and gas production. This, all in addition to a majority interest in a historically proven, near fully permitted and licensed potash property neighboring Vale’s (CVRD) Bayovar phosphate project, a property that will produce 3.9 million tones of phosphoric rock per year by 2010.
Vale has recently committed 1.2 billion dollars to the project and along with Americas Petrogas (BOE) is situated 60km away from a deep sea port, an intercontinental sea highway and rail transport all linking them to the fertilizer starved Pacific Rim. This offers investors a dynamic increase in potential shareholder value offering near term production using solar pond evaporation. This is a geographically exclusive method that utilizes Northern Peru’s proximity to the equators blazing hot sun and boasting 99.9% recovery rate and far less requisite equipment and costs than other methods.
When BOE completes its 2 year commitment of $700,000, It will have the opportunity to work alongside the Peruvian government who retain a 30% interest in the project and move swiftly in its development into production.
Under the stewardship of Barclay Hambrook, former president and chairman of Penn West Energy (currently the largest conventional oil and gas producing income trust in North America) and responsible for several hundred million dollars of oil and gas investments, BOE is seething with international oil and gas experience. The management team has a collective career of domestic and international business spanning 200 years, including 30 years of relevant South American investment/ business experience brought to the team by VP Carlos Lau. Experience begets experience and as such, BOE also called upon the experience and talents of Guimar Vaca Coca (past president/director Chauvco, Pioneer, Occidental) and the ground team responsible for building production from 0 to 11,300 BOEPD (Chauvco) and then to 34,000 BOEPD (Pioneer) between 1994 and 2005 within the Neuquen Basin before being purchased for $1,000,000,000 by Apache Corp.
No small wonder that BOE has a 100% success rate in Argentina so far, with 3 out of 3 wells drilled due to produce cash flow forthwith.
In summation, potential BOE investors will find a company that in 2005, entered into Argentina at an opportune time due to the low price of oil and availability of premium acreage. BOE is offering immediate cash flow with tremendous potential for advancement by balancing low risk exploration and minimal cost development with higher risk acreage and massive impact prospectivity all in addition to their potash interest in Peru. |
