Pan Andean in lease deal

Oil and gas exploration company Pan Andean Resources has put together a package of leases covering 1,700 acres in the Danbury Dome area of Texas, USA.

Chairman John Teeling said the area was a high priority for Pan Andean and that the new leases would give it access to gas structures. Pan Andean will have a 20% stake in the consortium that will drill in the area.