Petroamerica Oil Corp. (TSXV:PTA), a Calgary-based junior oil and gas company operating in Colombia’s Llanos Basin, has started drilling its La Guira-1 exploration well on the Los Ocarros Block. The well was spud (read: started drilling) October 9, 2013 and is targeting the Mirador, Gacheta and Une Formations which produce at the adjacent Las Maracas… Continue Reading

I want to show you charts of three energy stocks, then I have a special surprise. Let’s start with Devon Energy … (Updated chart) Check out how Devon fell below its trend line in September.  It hugged it, and looked like it would break down. Nope.  Now, it’s trying to get back above that trendline.… Continue Reading

“There was no firm like it.  And there probably won’t be another one like it.  It was  tough to get into and tough to get out. Hotel California.” I’ve heard the name, Gordon Capital, a few times in my career.  I find when talking about Gordon Capital, it is often complimented with a fond smirk… Continue Reading

Lundin Group company, ShaMaran Petroleum (SNM:TSX), received good news on the development of its Atrush block located in the Kurdistan region of Iraq.  The company and its partners received approval from the Kurdistan regional government for the first phase of development there.  This approval allows for a 25-year development license which allows SNM, TAQA and… Continue Reading

THE CALANDRA REPORT: Subscribe Concordia Resource Corp. – one of Canada’s most puzzling metals equities – is gaining a DRC Congo nickel, copper and cobalt property and another, copper and gold, in Australia. Concordia (CCN in Canada) explains that pending shareholder approval it also shall distribute shares of a new Argentina-focused explorer to shareholders. That’s… Continue Reading

Economist John Mauldin, whose free email newsletter reaches some 400,000 inboxes, sources tell me, just blasted a tout for “The Next Bakken Discovered?”. For those willing to pay $749 per year for the Casey Energy Report, they can find out just which stock is poised to take advantage, according to Casey’s analyst. The stock in… Continue Reading

Petroamerica Oil Corp. (TSXV:PTA), a junior light oil producer focused in Colombia’s Llanos Basin, has provided an operations and financial update in a news release out this morning. PTA has US$64 million in cash as of Sept 30, 2013, and all planned future capital programs through 2014 are expected to be fully funded internally. Production… Continue Reading

Lundin Group company, NGEx Resources (NGQ:TSX), released an updated resource estimate for their Josemaria copper-gold project located in San Juan province, Argentina.  According to the company, the Lundin Family Trust controls 19.9% of NGQ’s shares.  NGEx is the 60% operator of the project with JOGMEC (Japan Oil, Gas and Metals National Corporation) holding the other… Continue Reading

J.P.Morgan Asset Management’s James Sutton believes a recovery is likely for the macro-commodity sector as he sees significant returns in his natural resource funds.  The J.P.Morgan Natural Resources fund is up nearly 18% since June, however it remains 50% below 2011 highs.  This highlights an increased perception that commodity prices may have bottomed.  Sutton sees… Continue Reading

The second largest oil producer in Colombia, Pacific Rubiales Energy (TSX:PRE), has agreed to buy light oil producer Petrominerales (TSX:PMG) for $1.6 billion in an all cash deal that represents a 56% premium for PMG shareholders. The transaction also implies a value to Petrominerales of $47,000 per flowing barrel.  Each PMG shareholder will receive $11 per… Continue Reading

After markets closed yesterday, Americas Petrogas (TSXV:BOE) announced a 41% increase to their proved plus probable reserves in the Medanito Sur block located in Argentina’s Neuquen Basin. Shares opened 6.7% higher this morning and are trading up about 2.5% upon yesterday’s close, as I write this.    – Americas Petrogas’ Neuquen Basin properties (left) and… Continue Reading

The Lundin Group’s Africa Oil (AOI:TSXV) announced this morning that it has discovered oil on its Block 13T in Kenya, which indicate a potential pay zone of 60-100m.  This further derisks and represents the fourth consecutive significant oil find in the East African Rift Basin.  The company holds a 50% working interest with operator Tullow… Continue Reading

Frank Giustra’s Petromanas Energy (TSXV:PMI), an oil and gas exploration company working on a joint venture with Royal Dutch Shell, has provided an update on its Albanian operations. PMI announced that a testing rig is currently being set up at the Shpirag-2 well site. Shpirag-2 was drilled to 5,547 meters in late June. PMI intends to… Continue Reading

This morning Keith Hill’s Africa Oil (TSXV:AOI), which is developing oil discoveries in the East African Rift Basin System, said that the company suffered no injury during the weekend’s mall attack in Nairobi. We join Africa Oil in extending our prayers to those who remain affected by the tragedy. Read: Africa Oil Reports on Security Situation in Kenya… Continue Reading

America’s Petrogas (BOE:TSX) announced that it is under ‘strategic review’ (aka it has put up the ‘for sale’ sign).  Shares closed up $0.12 per share (12.5%) to $1.08 on 2.9 million shares bringing the company’s value to $200 million which, after a premium, could fetch $250-$350 million for the whole company. Depending on how this… Continue Reading