Canadian Manufacturing

Americas Petrogas announces strategic review could result in sale of company

Company announced it will explore sale, asset sell-off or potential partnerships

September 19, 2013  by The Canadian Press

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.