AS LONG as Víctor Carranza was still alive, the threat of a new battle for control of Colombia’s emerald business was contained, if only just. Mr Carranza, a gem magnate who won the moniker “emerald tsar” for the control he imposed over the business, died of cancer on April 4th, raising fears that the fragile… Continue Reading

Petroamerica Oil Corp (C:PTA) Shares Issued 580,721,594 Last Close 4/8/2013 $0.305 Petroamerica Oil Corp. has provided preliminary drilling results for its Las Maracas-8 well on the Los Ocarros block, and provides the results of selective testing for the La Casona-1 well on the El Eden block, Colombia.

“We were almost killed several times,” Frank Giustra tells me. He’s recalling his first trip to Colombia in 1994 with his friend Serafino Iacono. FARC guerrillas and cocaine traffickers had made the country the most dangerous in the Americas, but it seemed like nothing could stop the two young natural resource promoters’ quest for the… Continue Reading

I spent the past four days at the posh Trump Hotel in Panama City, visiting a friend in the venture brokerage business. Panama is a safe, beautiful country with the friendliest people, and the Trump was a great hotel for the money ($179/). As readers know, Panama is a haven for offshore money. This is… Continue Reading

TORONTO — Ivanplats Robert Friedland needs no introduction. For one, he is North America’s greatest mining showman. Second, he is almost surely a billionaire. Third, he is a miner’s mining exec. “He knows his metals, and his black box works,” platinum prospector and Ivanplats board member William Hayden told me the other day over fizzy… Continue Reading

Petroamerica Oil Corp’s recent pullback is the entry opportunity that investors have been waiting for – the next leg higher will likely bring PTA shares above .60: Let’s go to the charts: The fundamental story speaks for itself. PTA is currently producing over 4500 bopd with netbacks over $70 per barrel, meaning the company is trading… Continue Reading

Petroamerica “PTA” placed amongst top 50 companies listed on the TSX.V, and second in the Venture Oil and Gas Category. The TSX Venture 50 annually awards the top ten companies listed on the TSX Venture Exchange, in each of five major industry sectors – Oil and Gas, Mining, Technology & Life Sciences, Diversified Industries and… Continue Reading

Our readers have been hearing about Petroamerica Oil Corp. ($PTA) since August, 2012. Since then, we’ve been covering the Colombian-focused oil and gas junior closely — and we’ve done well owning the shares. Sunday evening, PTA management convened in Vancouver for a round of investor meetings today. We were able to join PTA’s Executive Chairman… Continue Reading

Shares in Petroamerica Oil Corp symbol $PTA dropped 8.9% to .36 cents Friday on 6.23 million shares after the company reported a dry hole at their CPO-1 prospect in Colombia, but the real story of the day was the flash crash at the open to 27.5 cents. This looks like a stop loss induced flash crash, and an investor with… Continue Reading

By Eoin O’Cinneidem, Upstream Canada’s Petroamerica Oil Corp has hailed its latest discovery in Colombia as “the best well yet to be drilled” on a field in the Llanos basin. The Toronto-listed player has struck around 100 feet of net oil pay at the Las Maracas-6 well on the Los Ocarros Block. Colombia-focused Petroamerica tested… Continue Reading

Last Monday, Haywood Securities energy analyst Al Knowles gave Petroamerica Oil Corp. his highest rating, Sector Outperform, and a C$.55 price target. At press time, shares in PTA had reached C$.34, an 18 month high. Haywood’s Mr. Knowles is optimistic about PTA’s Las Maracas oil field in Colombia, as we have been since August, when… Continue Reading

This afternoon Petroamerica Oil Corp. ($PTA) announced flow results of 3762 bopd (50% of which are net to PTA) from Las Maracas 5, a development well at their core oil field. This is a big number and these results do not include the lower zone of the well which could also yield pay. See: Petroamerica Provides a Testing Update… Continue Reading

Petroamerica Oil Corp. ($PTA), a Calgary-Bogota based oil and gas company we wrote about on August 20th and October 9th (and hold a long position in), announced success at the La Casona 1 and Las Maracas 5 wells today – and it’s great news. Success at the La Casona well proves that PTA is not… Continue Reading

Via The Calandra Report – Subscribe Here – Only $58 HOUSTON — Are Colombia oil producers nearing a wave of mergers, as asset manager Frank Holmes forecast three weeks ago?

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