Company Overview: Petroamerica Oil Corporation
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About Petroamerical Oil Corp.
Petroamerica Oil Corp. is focused on light/medium oil in Colombia. The Company has assembled a large portfolio of prospective oil properties in several prolific basins, and is joint ventured on some of these properties with established producers in the country.
Trading initiated on TSX Venture Exchange under the symbol PTA on October 23, 2009. PTA announced first oil discovery, Balay-1, on March 11, 2010.
Why Colombia
?Competitive, flexible government take
?Sliding-scale royalties (8 to 25%)
?33% corporate tax rate
?Deductible local taxes
?No remittance taxes
?40% corporate tax deduction for productive investment
?Long term stable contracts
?Standard and Poor?s credit rating BB+, Moody?s Ba1
Colombia?s excellent fiscal regime coupled with a stable regulatory environment make it one of the best places in the world for oil development.
Why Petroamerica Oil Corp.
?Established a proven management team
?Extensive Colombian experience
?Technically accomplished
?Ability to attract experienced employees
?Ability to obtain good partners
?Developing new plays from a proven team
?Well financed with strong financial backersQuick Facts
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