VANCOUVER, CANADA – FRIEND OR FOE, TAKE THE DOUGH… Mark O’Dea’s True Gold Mining has just announced a $36.6-million bought deal financing with RBC Capital Markets of $0.40 units with a half warrant at $0.47 good for six months. Concurrently, Liberty Metals and Mining, True Gold’s largest shareholder, has has elected to exercise their participation… Continue Reading

Colombian E&P company, Canacol Energy (CNE:TSX) released the results of their Mono Arana 2 appraisal well today.  The well is located on the VMM2 block which Canacol holds a 20% working interest in and is operated by 80% holder ExxonMobil.  The Mono Arana 2 well was drilled in the Middle Magdalena Valley of Colombia and… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly SIEM REAP, Cambodia — Just touched base here with Bob Neill, newest Angkor Gold board member. Bob is the 33-year-old executive from Medellin who handles much of Grupo de Bullet’s property syndication efforts in Colombia. He is just back from touring a handful of ANK’s properties in Ratanakiri Province.… Continue Reading

Coming off a spectacular 2013 which saw the company’s share price increase over 100%, Canacol Energy (CNE:TSX), announced its plan for 2014.  The company expects to spend $150 million in capex this year to grow production by 30-40% to  11,500 and 12,500boe/d.  The company produced 8,796 boe/d (5,827boe/d and 17.2Mscf/d of gas). The production split… Continue Reading

Colombian oil and gas junior Petroamerica Oil Corp (TSXV:PTA) is casing the La Guira-2 appraisal well for testing. La-Guira 2 reached its target depth of 12,600 feet and was logged before a decision was made to test the well. Testing will be performed on the Mirador and Gacheta formations, and will commence when a work-over… Continue Reading

Coming just two days after the announcement of a $12 million private placement, Cordoba Minerals (CDB:TSXV) announced this morning that they increased the placement to $15 million to meet demand.  They also announced the financing was now closed.  No overallotment option was given on the financing.  GMP Securities, Dundee and BMO Capital Markets were the co-leads… Continue Reading

Colombian copper-gold explorer, Cordoba Minerals (CDB:TSXV) has announced plans to raise $12 million to finish acquiring the Cordoba project and other exploration work being done there and the San Matias proejct.  And, guess who is behind this financing?  If you guessed GMP Securities, you are right.  This financing is being done on a best efforts basis… Continue Reading

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

Drilling is successfully continuing in Colombia for Continental Gold (CNL:TSX) and the company has released assay results for 11 drill holes from the Veta Sur and eastern Laurel vein systems at their high-grade Buritica project.  These results are part of the 2013 program and the company expects to continue to deliver robust resources as well… Continue Reading

On Fire: ALQA, CUR, SVV, BCRX, Gold & More THE CALANDRA REPORT: Subscribe We send this update from Active Trading Partner’s David Banister, whose analysis thus far is superb. We have been tracking the 48-year-old New England writer’s work on ALQA for about four weeks. Also, CUR. Plus: metals equities, including Almaden Minerals (AAU in… Continue Reading

Ari Sussman’s Continental Gold (client and long position) was discussed in this interview with Paul Harris, Editor of the Colombia Gold Report: Paul Harris Has Something to Say About Colombia’s Gold Exploration Sector Excerpt: TGR: How do investors make money in Colombian mining equities or companies with projects in Colombia? PH: Well, Brian, I think you, as… Continue Reading

Pacific Rubiales Energy Corp. (TSX:PRE), Colombia’s largest non-state owned oil producer, are selling the 5% OCENSA pipeline interest they gained by acquiring Petrominerals last month to Darby Private Equity, the private equity arm of Franklin Templeton, for $385-million (U.S.). Ronald Pantin, the company’s chief executive officer, commented: “This transaction represents an attractive deal for both… Continue Reading

The following is an excerpt from Stockwatch.com’s Energy Summary – December 20, 2013 (Source): Parex Resources Ltd. (PXT), a former joint venturer of Niko’s in Trinidad until it relinquished those blocks to focus on Colombia, added 22 cents to $6.67, thanks to news from a different joint venture. GeoPark Ltd., the operator of Parex’s 45-per-cent-held LLA 34… Continue Reading

The high-grade veins at Continental Gold’s (CNL:TSX) Buritica project in Colombia continue to grow as drilling expands the areas of known mineralization.  This morning, Ari Sussman (CEO) announced the latest batch of 17 drill holes from his project.  Four of the holes were successful in intersected veins sets that were 200m west of the current… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Also: Sysorex Global, Inovio Pharma Solvista Gold corners Iamgold into a porphyry partnership at Caramanta in Colombia. Takeways: Breathing room for Solista’s Miller O’ Prey and Jeffrey Miller. Bob Allen’s Grupo de Bullet owns a hunk of Solvista (SVV in Canada). Solvista is one of our TCR 8 It… Continue Reading