Petrolifera was a Calgary-based crude oil and natural gas exploration, development and production company active throughout South America. Petrolifera held interests in approximately six million acres of petroleum and natural gas rights in eleven onshore concessions or licenses in Argentina, Colombia and Peru. PowerOne had been the primary advisor and merchant bank to Petrolifera since its inception which included acting as the advisor to the company on its Initial Public Offering and assisting the company in raising approximately CDN $30 million for exploration. In January 2011, Petrolifera was sold to Gran Tierra Energy Inc. for approximately CAD$195M.
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