Americas Petrogas announces strategic review could result in sale of company
by The Canadian Press
Company announced it will explore sale, asset sell-off or potential partnerships
CALGARY—Americas Petrogas Inc. has embarked on a review of strategic alternatives that will consider a sale of the company as a whole, partnerships or the sale of specific assets, the company announced.
Americas Petrogas has interests in numerous blocks in Argentina’s Neuquen Basin, including unconventional oil and gas shale formations.
The Calgary-based junior oil and gas producer had a market value of about $227.4-million prior to the announcement.