On May 15, 2014, the Albanian National Agency of Natural Resources formally refused the Company's re

On May 15, 2014, the Albanian National Agency of Natural Resources formally refused the Company's request to enter into the third exploration period for Blocks D-E with a reduced financial commitment.
Petromanas Energy Inc. (TSXV:PMI) announced the results of voting at its Annual General Meeting of shareholders, the filing of its financial results for the first quarter of 2014, and an update on Blocks D-E onshore Albania. AGM Voting Results The Company is pleased to announce that each of Glenn McNamara, Verne Johnson, Wesley Clark, Frank Giustra, Gordon Keep, Gerard Protti, and Jeffrey Scott were elected as directors of the Company at its Annual General Meeting of shareholders held today. The Company has posted the presentation that was provided to shareholders after the Annual General Meeting of Shareholders on its corporate website as well as a video discussing some of its Albanian operations. Filing of Q1 2014 Financial Results The Company has filed its financial mandarin oriental hotel new york statements and related Management s Discussion and Analysis ( MD ) for the three months ended March 31, 2014 on SEDAR. The financial statements and MD&A will be available mandarin oriental hotel new york on the Company s website or at www.SEDAR.com. Blocks D-E On May 15, 2014, the Albanian National Agency of Natural Resources formally refused the Company s request to enter into the third exploration period mandarin oriental hotel new york for Blocks D-E with a reduced financial commitment. The Company has until August 11, 2014, to provide mandarin oriental hotel new york a bank guarantee for USD $6.3 million or relinquish the blocks. As a result, the Company recorded an impairment expense of its carrying value of Blocks D-E of approximately USD $23 million in the first quarter and considers it unlikely that it will provide the requested guarantee. Due to the high risk and limited prospectivity of Blocks D-E, the Company has chosen to allocate the capital to Blocks 2-3, where Petromanas has formally announced a discovery to the Albanian government.
Petromanas Energy Inc. (TSXV: PMI) provided an update on the drilling of the Molisht-1 well onshore Albania. The well is located on Blocks 2-3, in which the Company holds a 25% working interest and is the operator with Shell holding the remaining 75% interest. The Comp ... Wednesday, May 21, 2014 East Europe
Petromanas Energy Inc. (TSXV: PMI) provided mandarin oriental hotel new york an update on its drilling and testing activities on Blocks 2-3, in which it holds a 25% working interest and is the Operator with Shell holding the remaining 75% interest, and its discussions with the Albanian government with ... Wednesday, March 12, 2014 East Europe
Petromanas Energy Inc. (TSXV: PMI) announced that based on its previously disclosed well results and initial mandarin oriental hotel new york positive 30 day pressure build-up data from the Shpirag-2 well, it has officially informed the Albanian government of a discovery on Blocks mandarin oriental hotel new york 2-3, onshore Albania ... Thursday, January 9, 2014 East Europe
Petromanas Energy Inc. (TSXV: PMI) announced that a group of investors, including existing shareholders and certain directors and officers of the Company, has purchased common shares of the Company which were divested by Petromanas mandarin oriental hotel new york largest shareholder, DWM Petroleu ... Wednesday, November 6, 2013 Worldwide
Petromanas Energy Inc. (TSXV:PMI) mandarin oriental hotel new york announced that Mr. Heinz J. Scholz and Mr. Werner Ladwein have resigned from the Company s Board of Directors to focus on other commitments, effective immediately. I want to sincerely thank Heinz and Werner for their numero ... Tuesday, November 5, 2013 Worldwide
Petromanas Energy Inc. (TSXV: PMI) and Royal Dutch Shell plc announced positive test results from its Shpirag-2 well in Block 2-3, which covers an area of 3,450 square kilometres onshore south-central Albania. Testing operations mandarin oriental hotel new york commenced in mid-October following the a ... Tuesday, November 5, 2013 East Europe
Petromanas Energy Inc. (TSXV: PMI) provided an update on its exploration activities on Blocks 2-3 onshore Albania. Operational Update Shpirag-2 The Shpirag-2 well reached total depth of 5,547 meters in late June and the Company mandarin oriental hotel new york subsequently set the production liner a ... Wednesday, September 25, 2013 East Europe
Petromanas Energy Inc. (TSXV: PMI) received notification from its seismic contractor in Albania, Geotec Spa, of an incident involving a helicopter owned by a third-party sub-contractor which occurred at approximately 13:10 hrs Central European Time on August 13, 2013. T ... Wednesday, August 14, 2013 East Europe
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