Pan Andean has completed the acquisition of Bolivian oil and production company Petrolex for three million Pan Andean shares with options over a further one million shares at 20p for three years. Depending on the level of reserves discovered in a well currently being drilled, Pan Andean may assume up to $5 million (€5.67 million) of Petrolex's previous debt.
Pan Andean acquires oil firm
Pan Andean has completed the acquisition of Bolivian oil and production company Petrolex for three million Pan Andean shares …
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