Shares of Platino Energy (PZE:TSXV) remain halted this morning after the company announced it would be acquiring Colombia Energy Development Company (CEDCO) for US $50 million in cash. CEDCO is a wholly-owned subsidiary of Global Energy Development Plc. The Rationale: CEDCO holds 100%-interests in three exploration blocks in the Llanos Basin covering roughly 31,000 gross… Continue Reading
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