Calgary, Alberta (FSCwire) - Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSXV-PDQ) is pleased to announce that it has received common shares of Amerisur Resources PLC (“Amerisur”) as part of the previously announced divestiture.
In connection with Petrodorado’s divestiture of its participating interest in the CPO-5 and Tacacho Blocks, announced on June 29, 2015, Petrodorado has received the first of three consideration payments as established in the agreement with Amerisur. This payment was realized by the way of the issuance of 5,148,447 common shares of Amerisur to Petrodorado. These shares were officially received by Petrodorado on July 10, 2015.
Management and the Board of Directors continue to evaluate the go forward plan for the Company and will provide market updates when the evaluation is complete. The Company still retains its participation interest in the Talora and La Maye Blocks, for which the Company will pursue the best plan of action to provide shareholders with the greatest value.
There is no further news pending for the Company at this point in time.
About Petrodorado Energy Ltd.
Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia and California USA. Its head office is located in Calgary, Alberta, Canada and Petrodorado’s common shares are traded on the TSXV under the trading symbol “PDQ”.
For further information, please contact:
Chris Reid, Interim President and CEO
Phone: (403) 800-9240
Email: info@petrodorado.com
Website: www.petrodorado.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link: public://news_release_pdf/PetrodoradoJuly152015_0.pdf
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