Noteworthy

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Noteworthy    Glencore buying Rio Tinto could burn hole in Hockey's pocket  The Sydney Morning Herald, December 19, 2014 9:00 AM  See More
Noteworthy
Glencore buying Rio Tinto could burn hole in Hockey's pocket
The Sydney Morning Herald, December 19, 2014 9:00 AM  See More
POSTED ON November 07, 2014 BY Tommy Humphreys

Small-cap growth oriented Colombian oil and gas venture, Petroamerica Oil, symbol PTA on the TSX-Venture, announced two high-impact exploration wells are currently being drilled in Colombia with results expected by the end of the year. The Zampona-1 and Langur-1x wells are both 50% net working interest to PTA. They are located in the Llanos Basin of Colombia,… Continue Reading

POSTED ON October 15, 2014 BY Travis McPherson

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

POSTED ON June 12, 2014 BY CEO Technician

With crude oil prices breaking out above $106/barrel this morning and many of the major integrated oil names overbought on multiple time frames investors may want to look to junior energy companies for additional upside this summer. While we remain bullish on Petromanas Energy longer term, 2 other companies are on our radar for more… Continue Reading

POSTED ON April 08, 2014 BY Travis McPherson

PXT data by YCharts According to a Bloomberg article today, Parex Resources (PXT:TSX) is planning on doubling its current production of 17,500bopd.  The company, led by CEO Wayne Foo, has aspirations of growing to 50,000bopd, according to the article. “To be relevant in the market, you really have to be in the range of 25,000… Continue Reading

POSTED ON January 09, 2014 BY Travis McPherson

Petroamerica (PTA:TSXV) announced exciting news just after market today with two new oil discoveries made in Colombia.   The discoveries were made on the El Eden block (40% working interest with PXT 60% operated interest) in the prolific Llanos Basin of Colombia.  At their La Casona 2 well the companies discovered 545 barrels of light 47 degree… Continue Reading

POSTED ON November 26, 2013 BY Travis McPherson

The largest independent oil and gas producer in Latin America, Pacific Rubiales (PRE:TSX) has closed its previously announced offering of US$1.3 billion of senior unsecured notes with an interest rate of 5.375% maturing in 2019.  PRE is one of the fastest growing and according to Bloomberg their compound production growth over the last five years is… Continue Reading

POSTED ON November 26, 2013 BY Travis McPherson

Some of the best value offered in the junior markets come in the form of junior to mid-cap international E&P’s.  These are substantially discounted to their domestic peers.  Petroamerica Oil (PTA:TSXV) is one of these junior international E&P’s.  The company released their third quarter results which highlighted the profitability of this light oil producer.  The company… Continue Reading

POSTED ON November 18, 2013 BY Travis McPherson

Parex Resources (PXT:TSX), who recently increased its 2013 exit rate guidance from 15,500bpd to 15,700bpd due to stellar production success from their light oil assets in Colombia’s Llanos Basin have now sets the bar high for 2014.  The company announced their 2014 production guidance and capital budget plans which set Parex up for a profitable… Continue Reading

POSTED ON November 13, 2013 BY Travis McPherson

Parex Resources (PXT:TSX), the 50% operating partner of Petroamerica Oil (PTA:TSXV) in the Los Ocarros Block in Colombia’s Llanos Basin, announced the initial results from the La Guira-1 exploration well, in their third quarter release (and subsequently in a release from PTA).  La Guira-1 was spud on October 9th and targeted the Mirador, Gacheta and Une formations and was drilled to… Continue Reading

POSTED ON October 24, 2013 BY Tommy Humphreys

Core long position Petroamerica Oil Corp. (TSXV:PTA) has provided an update on its appraisal activities in Colombia. What you need to know is that PTA trades at less than 1.5X cash flow currently, the La Casona field will come on stream in November, the La Casona 2 appraisal well is about to be tested, as… Continue Reading

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