Exploration group Pan Andean plans to increase oil production in Bolivia and the US over the next year and carry out further exploration in Bolivia, chairman Dr John Teeling has stated.

Speaking at the group's a.g.m. in London, Dr Teeling said that the recent acquisition of Endeavour Resources had increased Pan Andean's daily production to 1,300 barrels of oil equivalent with gross revenues of $1 million a month at current oil and gas prices.