Latin American Resources

Latin American Resources Ltd. (the "Company") has been created by the purchase of Quetzel Energy Ltd's ("QEI")'s Guatemalan assets. Latin American Resources Ltd. is focused on acquiring and developing oil and gas properties in Central America, with a current focus in Guatemala. Operational infrastructure and assets in place - work camp, materials,... etc. Latin American Resources Ltd. has over 400,000 exploration acres in 2 blocks within the highly prospective South Peten Basin in Guatemala Proved plus probable reserves of 2 .3 MMBO, with a further ~20 MMBO of potential 2012 exit production of approximately 1,500 BOPD(1), with the potential to increase production to 7,000 to 8,000 BOPD through property development Approximately $18 MM of capital has been spent to date providing a solid foundation for immediate value creation potential Over $24 MM of available tax shelter The company seeks to execute this strategy by: Aggressively drilling and developing its extensive undeveloped properties: Employing advanced drilling and completion technologies; Optimizing returns by focusing on operational and cost efficiencies; Pursuing strategic acquisitions with significant potential synergies and; Wildcat exploration drilling for new pool discoveries.Read More