Key Developments: Petrobras Argentina SA (PZE)
4.50USD
17 May 2013
$0.02 (+0.45%)
$4.48
$4.54
$4.60
$4.42
132,806
108,396
$6.00
$3.40
Latest Key Developments (Source: Significant Developments)
Petrobras Argentina SA Appoints Mr. Paulo Cezar Amaro Aquino As New Chairman Of The Board
Petrobras Argentina SA announced that it has appointed Mr. Paulo Cezar Amaro Aquino as new Chairman of the Company's Board, effective on March 21, 2013. Full Article
Pampa Energia SA Announces Joint Investment In New Wells Exploitation Between Its Subsidiary And Petrobras Argentina SA In Neuquen
Pampa Energia SA (Pampa) announced that Petrobras Argentina SA (Petrobras) has accepted the business proposal from Pampa’s subsidiary Petrolera Pampa SA (PEPASA), to jointly invest in El Mangrullo field located in the province of Neuquen, aiming to achieve 400,000 cubic meters per day of production level (Plateau) for a period of four years. In accordance to the business proposal’s terms and conditions, PEPASA has committed to invest up to USD 22 million for the drilling of four wells to achieve the Plateau. In return, PEPASA will acquire 43% of the rights to have free disposal at wellhead and commercialize the hydrocarbons resulting from the committed investments. Moreover, in the event of demanding additional drilling of wells to maintain the total production during said period, PEPASA and Petrobras will pay the new wells costs proportionally to their corresponding participation. Full Article
Petrobras Argentina SA Announces Sale of Its Total Stakes in PFB and PEDASA to Hidroelectrica Piedra Del Aguila SA and La Plata Cogeneracion SA
Petrobras Argentina SA announced that its Board of Directors approved the sale of its total stakes in Petrobras Finance Bermuda Ltd (PFB) and Petrobras Electricidad de Argentina SA (PEDASA) to Hidroelectrica Piedra Del Aguila SA and La Plata Cogeneracion SA, at a price of USD 35 million. PEDASA and PFB hold a 38.5% and 10%, respectively in Distrilec SA which owns a 56.36% stake in Empresa Distribuidora Sur SA (EDESUR). Full Article
Petrobras Argentina SA Announces Further Details On FY 2011 Dividend Payment
Petrobras Argentina SA announced that the dividend payment for fiscal year 2011 will be effective as of December 21, 2012. Full Article
Petrobras Argentina SA Announces FY 2011 Dividend Payment
Petrobras Argentina SA announced that on December 5, 2012 its Board of Directors approved a dividend payment for fiscal year 2011 in the amount of ARS 211 million, at a value of ARS 0.104494925 per share, effective within the next 30 days. Full Article
Petrobras Argentina SA Announces Further Details On Capital Increase
Petrobras Argentina SA announced that partial payment of the capitalization for 1,009,618,410 class B shares at a nominal value of ARS 1 per share will be effective from September 26, 2012. The announcement relates to the capital increase agreed at the Company's General Meeting on March 29, 2012. Full Article
Petrobras Argentina SA Reaches Agreement to Acquire a 39.671% Stake in Petrolera Entre Lomas SA
Petrobras Argentina SA announced that it has reached an agreement to acquire a 39.671% stake in Petrolera Entre Lomas SA at a total value of USD 249.4 million. Petrolera Entre Lomas SA is an entity active in the exploration and exploitation of hydrocarbons with a total participation of 73.15% in its concessions. Full Article
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