The acquisition of Pan Andean, the Irish, AIM-listed oil and gas company, by Petrominerales has been completed today.

AFRICAN Diamonds – the Irish-headquartered precious stone mining company – is set to generate annual revenues of around $80 million (€60m) from upping its stake in the high potential AK6 diamond mine in Botswana.

SHAREHOLDERS of two John Teeling-chaired exploration companies – West African Diamonds (WAD) and Pan Andean – are set to vote on their future ownership structures in the second half of next month.

PAN ANDEAN, the Dublin-headquartered oil and gas exploration company, has reported its first losses in a decade, on the back of falling gas prices in the US.

CANADIAN mining company, Petrominerales has made a £19 million (€21m) offer for the South American assets of Irish oil and gas exploration company, Pan Andean.

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.

THE board of Irish oil and gas exploration company, Pan Andean Resources, is considering two separate expressions of interest concerning its assets in South America.

Pan Andean Resources, the Irish AIM-listed gas producer and explorer focused on South America and the Gulf of Mexico, has announced an operating profit of more than £1m (€685,971) for the year ending March 31, 2009.

PAN ANDEAN RESOURCES PLC, the Irish oil and natural-gas explorer operating in Bolivia and the US, jumped the most in more than two years in London trading after finding gas at its Vieman 1 site in Texas.

ISLAND Oil & Gas, the Dublin- headquartered exploration company is expanding its international presence to eastern Europe.

TULLOW Oil, which has oil and gas interests on four continents, is on course to enter the FTSE 100 Index later this month.

Pan Andean Resources, the Dublin-headquartered oil and gas exploration company, is attempting to find interested parties to buy into its 1.8m acre oil and gas block in Peru’s Amazon jungle.

THE Irish-based exploration company, Pan Andean Resources has appointed Ivan Sandrea to its board of directors.

Exploration group Pan Andean Resources has announced the start of an exploration well on the Estaban Prospect in Texas.

SHARES in Pan Andean Resources jumped 7% on the London market yesterday after the Irish-headquartered oil and gas exploration company issued a positive update.

HIGHER oil and gas prices were good news for Pan Andean Resources as the publicly quoted exploration company reported a 19% increase in first-half profits yesterday.

Publicly-quoted exploration company Pan Andean Resources has reported pre-tax profits of £1.2 million (€1.8 million) for the year to the end of March, up from £360,000 the previous year.

Pan Andean, the Irish-based oil and gas company, has increased profits from £360,000 (€526,000) to £1.2m (€1.75m).

Pan Andean, explorers for and producers of oil and gas in South America and in the US, has put together a package of leases covering 1,700 acres in the Danbury Dome area of Texas.

Oil and gas exploration company Pan Andean Resources has announced that preliminary work on its High Island 52 block in the Gulf of Mexico had shown positive signs.

Pan Andean plc, explorers for and producers of oil and gas in South America and in the US has announced a workover in the Gulf of Mexico, has been successful.

Oil and gas company Pan Andean Resources said drilling had started on a 5,000 acre site in the Gulf of Mexico, in which the company has a 50% interest.

Pan Andean plc, an explorer and producer of oil and gas in South America and in the US, has announced drilling has commenced on the 50%-Pan Andean owned High Island lease in the Gulf of Mexico in offshore Texas.

group Pan Andean said its Vrazel number two well in Texas would produce gas at a rate of 1.9 million cubic feet per day. Pan Andean holds a 21% interest in this project.

Oil and gas producer Pan Andean has completed its Vrazel No. 2 well in the Danbury Dome area onshore Texas.

Publicly-quoted oil and gas exploration company Pan Andean Resources said it had completed a share placing to raise €4.2 million.

Oil and gas exploration group Pan Andean Resources has raised £2.84m (€3.77m) from institutional and private investors.

Oil and gas producer and explorer, Pan Andean, which trades on the AIM market in London, has announced that its Vrazel No 2 well in onshore Texas has been successfully drilled to the target depth of 9,453 feet.

Clontarf-based Pan Andean Resources announced drilling from its Vrazel 2 well, in onshore Texas is to take an additional two weeks.

Drilling company Pan Andean expects to reach target depth of 9,200 feet by tomorrow on its Vrazel 2 well in Texas.

Aim listed Exploration company Pan Andean said it is in talks with US investors to bankroll the drilling of a well at its Danbury Dome leases in Texas.