Petroamerica Oil Corp. provide an update on production activities in the Putumayo Basin, guidance on the production for 2014 and announce the issuance of a new and updated corporate presentation.

Production Guidance

Based on current projections for production to the end of 2014, Petroamerica expects to exit the year with a production rate of more than 7,400 barrels oil equivalent per day ("boepd") of working interest production (before royalties). The total combined 2014 annual average production for the Llanos and post-closing Putumayo properties (after the July 15, 2014 closing date of the Suroco Energy Inc. transaction, annualized) is expected to be 6,600 boepd of working interest production (before royalties).

Tags: Petroamerica Oil Corp