Pan Andean Resources Company News

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Pan Andean Makes Headway at Peruvian Ucayali Blocks
Thursday, June 18, 2009Pan Andean Resources has provided an operational update for its Ucayali Blocks in Peru.

Seismic Acquisition Under Way over Block 114 in Peruvian Jungle
Tuesday, May 19, 2009Pan Andean Resources announced that the work programs on Peruvian Blocks 114 and 131 are advancing well.

Pan Andean Commences Survey over Block 141 in Titicaca Basin
Friday, May 15, 2009Pan Andean announced that an aero-gravimetric and magnetometric survey has commenced on Block 141 in the Titicaca basin of the Peruvian Andes, close to Lake Titicaca.

Pan Andean Formalizes E&P Contract for Block 161 in Peru
Monday, April 20, 2009Pan Andean has formally signed the contract on Exploration & Development Block 161 in Peru.

Pan Andean Shortlists Potential Partners for Colombian Oil Play
Friday, March 06, 2009Pan Andean has shortlisted companies interested in forming a partnership to drill the Antorcha block in Colombia. Discussions continue, and environmental permitting is underway for 6 well locations.

Danbury Dome Well Comes Up All Wet
Monday, December 22, 2008The testing of the Vieman No.1 well at Danbury Dome Texas has not produced commercial levels of gas. The Anomalina sands produced water and after initial gas flows the higher "S" sands also watered out.

Pan Andean Encounters Gas Shows at Danbury Dome
Wednesday, November 05, 2008Pan Andean announced that significant gas shows have been encountered in two of the three targets in the Vieman No. 1 well at Danbury Dome, onshore Texas.

Pan Andean Farms-Out Ucayali Basin Blocks to CEPSA
Wednesday, September 24, 2008Pan Andean announced that CEPSA of Spain and Perupetrol have finalized the legal agreement whereby CEPSA becomes the Operator of Blocks 114 and 131 in the Ucayali area of Peru.

Drilling Commences at Vieman-1 Onshore Texas
Friday, September 19, 2008Pan Andean announced the commencement of drilling the Vieman-1 well on its Danbury Dome leases, onshore Texas. The well is being drilled and operated by Turnkey E&P and will cost in excess of $5 million.

Pan Andean Grabs Block 161 in Peruvian Licensing Round
Thursday, September 18, 2008Pan Andean has been awarded 100% of Block 161 in the recent Peruvian exploration area licensing round. This award complements the three other blocks currently held by the Company in Peru.

Pan Andean Wraps Up 2D Seismic Survey in Antorcha Block
Tuesday, August 12, 2008Pan Andean completed a critical new 2D seismic survey in the Antorcha Block, located in the prolific Middle Magdalena Basin of central Colombia. Additional seismic covering 70km has been reprocessed.

Pan Andean Set to Drill Vieman-1 at Danbury Dome Prospect
Thursday, August 07, 2008Pan Andean announced that drilling of the Vieman-1 well on its Danbury Dome leases, onshore Texas, will commence within 30 days. The well, costing $5.2 million, will take approximately 45 days to drill to a target depth of 13,500 feet.

Pan Andean Collects Seismic, Plans Drilling for Colombian Block
Wednesday, May 14, 2008Pan Andean has started the seismic survey in the 100% owned Antorcha Block, located in the prolific Middle Magdalena Basin of Colombia.

Major Oil Group Joint Ventures Pan Andean Block 141 in Peru
Tuesday, April 29, 2008Pan Andean has signed an agreement with Reliance Industries to farm into Block 141 in the high plateau of Peru.

Pan Andean Production Restarts in GOM
Thursday, April 24, 2008Production is currently about 75 barrels a day giving a net income to Pan Andean of $75,000 a month to which is added a $30,000 monthly net income from Hunt Oil who pump oil from an adjacent oil field though the platform.

Pan Andean Drilling in Peru Yields High Potential at a High Cost
Wednesday, December 19, 2007Recent months have been a period of intense activity in both the US and South America. Our strategy of using our US assets to fund our exploration in South America is working.

Pan Andean Begins Gas Production at High Island 52
Tuesday, November 13, 2007Pan Andean confirms the start up of production of the Phoenix Exploration well on High Island 52 in the Gulf of Mexico.

Pan Andean Takes Stake in Antorcha Exploration Block in Colombia
Monday, November 05, 2007Pan Andean has signed an E&P contract with ANH to explore the 35,000 hectare Antorcha block located in the prolific Middle Magdalena Basin.

Pan Andean Finds Gas at High Island 52 Well
Wednesday, September 12, 2007Pan Andean Resources says that the exploration well drilled on High Island 52 is a commercial discovery.

Pan Andean to Begin Drilling in Gulf of Mexico Shortly
Thursday, August 02, 2007Pan Andean Resources says that drilling of an exploration well on block High Island 52 in the Gulf of Mexico will commence within the next seven days.

Pan Andean Awarded Two Blocks in Peru
Tuesday, July 17, 2007Pan Andean Resources has been awarded two new exploration blocks in Peru in a competitive tender process. Pan Andean's new blocks are Block 131 in the central Ucayali basin, and Block 141 located in the Titicaca basin.

Peru Government Awards 13 New Oil and Gas Blocks
Thursday, July 12, 2007Peru awarded 13 new oil and gas blocks Thursday to nine different bidders in a process lauded by company and government representatives.

Pan Andean Opens Bogota Office
Wednesday, June 27, 2007Irish hydrocarbons company Pan Andean Resources has opened an office in Bogota and will begin pursuing opportunities in Colombia, a Pan Andean spokesperson confirmed to BNamericas.

Pan Andean Opens Shop in Bogota
Wednesday, June 20, 2007Pan Andean Resources PLC has opened a new strategic avenue, commencing operations in Bogota, Colombia.

Hunt Oil to tie in New Discovery to Pan Andean Platform
Friday, February 09, 2007Hunt Oil has a new oil and gas discovery on High Island 31, 800 meters from the border of the Pan Andean High Island 30 Block offshore Texas.

Pan Andean and Sterling Sign High Island Farm-out with Phoenix
Monday, November 06, 2006Pan Andean Resources plc, the AIM listed oil and gas producer, and their partners Sterling Energy Inc. have signed a Farm-out Agreement on their High Island 52 Block with an American company, Phoenix Exploration Company LP (Phoenix).

OPEC Analyst Joins Pan Andean's Board
Friday, August 18, 2006The directors of Pan Andean Resources said that Ivan Sandrea has joined the company's board of directors.

Pan Andean Inks Exploration Deal for Lot 114 in Peru
Wednesday, July 19, 2006Pan Andean Resources has signed an exploration and exploitation contract with Perupetro SA for exploration and production rights on Lot 114 in central Peru.

Perupetro to Sign Three Exploration Contracts
Friday, July 14, 2006Perupetro reported it will sign three exploration contracts July 14 with Irish firm Pan Andean Resources, US company Barrett Resources and local group Petro-Tech Peruana.

Perupetro to Sign 3 Exploration Contracts July 14
Wednesday, July 05, 2006Peru's hydrocarbons promotions agency Perupetro will sign three exploration contracts on July 14 with Barrett Resources, Petro-Tech Peruana and Pan Andean Resources.

Pan Andean Participates in Successful Gulf of Mexico Well
Tuesday, March 28, 2006Pan Andean reports that a third well has been successfully drilled by Gryphon Exploration on High Island 52. Production will commence in the near future at a rate of 20 million cubic feet of gas a day.

Pan Andean Resources Says Repairs at High Island 30 Platform Delayed
Tuesday, January 03, 2006Pan Andean Resources has been informed by Sterling Exploration & Production Company that they have been unable to complete repairs and refurbishment of their own facilities due to a lack of service boats.

Pan Andean Restarts Production from Gryphon Field in the Gulf of Mexico
Thursday, December 01, 2005Pan Andean reports that, following Hurricane Rita, gas production has recommenced from the Gryphon field on block High Island 52 in the Gulf of Mexico.

Pan Andean Says Hurricane Damage Minimal
Wednesday, October 12, 2005Pan Andean Resources says gas production platform on High Island 52 and the High Island 30 oil platform received minimal damage.

Pan Andean Resources Encounters Gas in Bolivia
Wednesday, November 17, 2004Pan Andean Resources says that the El Dorado X-1004 exploratory well, located in Santa Cruz, Bolivia, has been completed. Gas shows were encountered at target depths.

Pan Andean Resources Encounters Gas in Bolivian Well
Thursday, October 14, 2004Pan Andean Resources says the El Dorado X-1004 exploratory well, located in Santa Cruz, Bolivia, has reached target depth of 4,290 meters.

Pan Andean Resources Finds Gas in Bolivia
Friday, October 01, 2004Significant gas shows have been encountered in the first target zone in the deep El Dorado gas well near Santa Cruz Bolivia.

PanAndean Resources Begins Drilling at Danbury Dome Prospect
Thursday, September 09, 2004Pan Andean Resources has commenced drilling at their Danbury Dome leases onshore Texas.

Pan Andean Spuds DRD X-1004 Well in Bolivia
Thursday, August 05, 2004Pan Andean Resources has started drilling of DRD X-1004 on its gas and condensate field at El Dorado, near Santa Cruz, Bolivia.

Pan Andean to Begin Drilling Danbury Dome Prospect in Texas
Thursday, July 22, 2004Pan Andean has put together a package of leases covering 1,700 acres in the Danbury Dome area of Texas. Work done by Pan Andean has identified prospects with potential reserves of 75 billion cubic feet of gas, at depths between 13,000 and 14,500 feet.

Pan Andean to Bring High Island Well into Production
Tuesday, July 20, 2004Pan Andean reports that a workover on block High Island 52 in the Western Gulf of Mexico has been successful.

Pan Andean Successfully Completes Texas Well
Wednesday, June 30, 2004Pan Andean reports that the Vrazel No. 2 well in the Danbury Dome area onshore Texas, is a commercial discovery expected to produce at a rate of 1.9 million cubic feet of gas per day.

Pan Andean Resources Completes Fund Placement
Thursday, June 17, 2004Pan Andean Resources has completed a Placing which raised £2.84 million from institutional and private investors.

Pan Andean Resources to Spud Well on High Island 68
Monday, April 26, 2004Pan Andean Resources says a mid-May spud date has been set for its High Island A68 well, a 4,000 foot well located in the shallow waters offshore the Gulf of Mexico.