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

Jessica Eaton, cfaal 109, archival pigment print, 2011 Clint Roenisch has made a reputation in Toronto as a gallerist willing to support what too often are called “avant-garde” artists. However his own approach and the approach of those he represents is refreshingly traditional: well thought out, well executed work presented in a respectful way. It’s… Continue Reading

There are strange things done ‘neath the midnight sun by the men who moil for gold. The arctic trails have their secret tales that would make your blood run cold. The northern lights have seen queer sights but the queerest they ever did see, was that night on the marge of Lake LeBarge I cremated… Continue Reading

The Canadian resource sector has been mired in a cyclical bear market for the better part of the last two years. However, it is during times likes these that it is worth digging through the charts in search of stocks that have held up well during the downturn and may be ready to lead markets… 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?

“Unless EU leaders come up with a sustainable solution and cut the debt burden, everything is going to fall apart in Greece.” Greek death spiral raises heat for German-bloc creditors. Telegraph “Portfolio strategies should acknowledge bite-sized future returns and the growing risk that the negative consequences of misguided monetary and fiscal policy might lead to disruptive financial… Continue Reading

We were travelling all throughout Albania today, which is a wonderful country. Tomorrow we’ll be back to posting as normal, but in the meantime, please enjoy some photos from our trip.

Petromanas Energy Inc. ($PMI), an Albanian-focused oil and gas explorer backed by Royal Dutch Shell, was discussed in the Energy Report recently by National Bank analyst Darrel Bishop. Highlights below. Shpirag-2 well site in Albania – Photo: Petromanas TER: One of the jurisdictions you follow is unusual —Albania. Can you explain the investment thesis and the current opportunities? DB:… Continue Reading

Since we first wrote about Petroamerica Oil Corp. ($PTA.v) on August 16, shares of the Calgary/Bogata-based oil and gas junior have risen over 50% to 52-week highs (chart). Obviously something is up so we decided to take a closer look to see why shares in PTA have more buyers than sellers. What first attracted us… Continue Reading

“Seeing what we see coming…you’re going to have to own anything that’s nailed down….productive assets…apartments, oil wells, gas wells.” -Kyle Bass, Hayman Capital

Starting an investing blog covering the junior mining sector requires some preparation. So I trekked up Howe Street and east on West Georgia to the Vancouver public library, where I borrowed Fleecing the Lamb: The Inside Story of the Vancouver Stock Exchange, by David Cruise and Alison Griffiths. Published by Douglas & McIntyre in 1987, two… Continue Reading

“The Meek Shall Inherit The Earth—But Not Its Mineral Rights.” -J. Paul Getty Lived From 1892-1976 Billionaire Industrialist, Oil Magnate Founder of Getty Oil Memorable Quotes: “If you can count your money, you don’t have a billion dollars.” “Formula for success: rise early, work hard, strike oil.” “There are one hundred men seeking security to… Continue Reading