Welcome To The Petrolifera Petroleum HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Re:If PDP's Colombia reserves are oil gusher after La Pinta success?believeinCll

Hi Scott



Something from Stockh.

As much as it has climbed in the last 2 months, there are 2 major catalysts that can double this stock in the next 2 mths.

#1 Testing Of Petrolifera's La Pinta Well In Colombia To Commence June 6, 2009;
#2 And the Buy Out Of Argentina's Assets : ProspectivePurchasersArgentina Bids Extended To July 10, 2009

Petrolifera (C$3.00, C$0.20, 7.1%) has extended the deadline for submissionsof bids related to the potential purchase of its Argentinean operations to July10 at the request of a number of interested parties. It also said testing of itsLa Pinta No. 1 well on the Sierra Nevada License in Colombia is expected tostart Saturday.



Solid cash flow, profitability and favorable commodity pricing realized in Argentina during Q1
2009

• Plan of Arrangement for asset backed commercial paper restructuring completed; related line of
credit expanded to $28.2 million and borrowings reclassified as long term, which improved
working capital and enhanced liquidity

Share
New Message
Please login to post a reply