Pan Andean assets sale to go ahead

PAN Andean, the Irish oil and gas exploration company chaired by John Teeling, is expected to conclude the sale of its Peruvian and Colombian assets early this week.

It is understood the AIM-listed company, which has its headquarters in Dublin, had received two separate expressions of interest; one for itsPeruvian assets alone and the other for those operations combined with its interest in Colombia.

However, it is now likely that the latter offer is the one nearing completion.