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PetroMagdalena Resumes Operations in Casanare Province; Shares Edge Lower

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PetroMagdalena Energy Corp. (PMD.V) edged off by a cent to $1.07 in late morning trade.

About 35,000 PMD shares have changed hands.

Today, the company announced that production operations have resumed at its Cubiro Block located in the province of Casanare, with the blockade being lifted on the morning of Saturday May 5, 2012.

Public roads in the province of Casanare were being blocked and this led to a lack of public order in the area, impacting production from PetroMagdalena's Cubiro block.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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