Petrominerals Corp. (PTRO/PTRO.PK) Wrap Up:

Petrominerals Corporation engages in the exploration, drilling, and production of oil and gas; and other oil industry-related businesses. It owns interests in oil producing properties in southern California. The company has a 53% working interest in the Castaic Hills Unit; a 100% working interest in a single oil well; and an 83.3% working interest in two oil wells in the Hasley Canyon field. These properties are located in Santa Clarita, California. The company’s net production of oil and gas was approximately 8 million barrels, as of December 31, 2003. It had approximately 23 gross oil and gas producing wells, as of the above date. Petrominerals was formed in 1966 and is based in San Clemen...