Yesterday I had another opportunity to hear Frank Giustra speak — this time at BCBusiness Magazine’s Top 100 event at Hotel Vancouver. In front of a crowd of 1,200, he was interviewed on stage by BCBusiness chairman Peter Legge. Frank Giustra became a millionaire in his early 20s financing small mining and energy companies. As Chairman… Continue Reading

From yesterday’s Stockwatch Energy Summary: Pacific Rubiales and Ecopetrol hold the largest interests in the $4.2-billion (U.S.) Bicentenario pipeline, with 32.88 per cent and 55 per cent, respectively. Petrominerales Ltd. (PMG), up 10 cents to $6.16, holds 9.65 per cent, and Canacol Energy Ltd. (CNE), up nine cents to $2.90, holds 0.5 per cent. The 960-kilometre pipeline will carry… Continue Reading

Petroamerica Oil Corp (C:PTA) Shares Issued 580,798,260 Last Close 6/25/2013 $0.25 Wednesday June 26 2013 – In the News The Globe and Mail reports in its Wednesday, June 26, edition that CIBC World Markets analyst Ian Macqueen has commenced new coverage on Petroamerica Oil with a “sector outperformer” rating and 40-cent target price. The Globe’s… Continue Reading

Exploration Insights is a web-based subscription service that serves an international family of investors and speculators (approximately 40% US and 40% Canadian, with the remainder based in ~20 countries scattered across the globe). In addition to communications with our clientele, my research necessitates that I routinely email, Skype, and phone Canada, Serbia, Turkey, Indonesia, Australia,… Continue Reading

“We call it the Pacific effect, because we go to a new area, we enter, and we discover.” Ronald Pantin Venezuelans Find Oil Bonanza in Colombia as Shares Soar | Bloomberg

2013 has been a challenging year for gold investors and the current macroeconomic environment appears to be highly unfavorable for the yellow metal – gold currently faces its most challenging fundamental backdrop in at least two decades: US 10-year real rates have risen 77 basis points in the last two months US 10-year real rates… Continue Reading

Postings by me will be light this week as I’m in Cartagena, Colombia relaxing. Thanks and catch up Monday May 27, Tommy

The Q1 2013 Newmont Mining conference call was about as somber as a funeral procession and company management offered little for investors to get excited about in the future. The senior gold producers have clearly turned their attention to aggressive cost cutting after years of mining cost inflation and terribly timed spendthrift acquisitions of lackluster… Continue Reading

Mid tear Colombian oil and gas producer Pacific Rubiales Energy (TSX:PRE) today announced plans to buy back up to 10% of their public float, which would cost over $650 million at current prices. Read the press release here. Colombia’s oil producers in general are undervalued, according to the analysts we talk to. Frank Giustra backed Petroamerica… Continue Reading

Copper has been kind to Chile. It provides 20% of GDP and 60% of exports. Thanks to it, Chile’s economy is expanding by nearly 6% annually, while inflation and unemployment are enviably low. Poverty rates have tumbled; public services are mostly good. Chile has other strengths, such as agriculture, tourism and even high-tech. But small… Continue Reading

Rick Rule rules the junior resource world with his checkbook. The acclaimed speculator has been financing mining and energy companies for nearly forty years and has the big scores and scars to prove it. From his perch as chairman of Sprott USA, the world’s best known natural resources & precious metals focused investment firm, Rule… Continue Reading

Lumina Copper on Tuesday announced a preliminary economic assessment that gives the Taca Taca project in Salta, Argentina a net present value of $2.1 billion, assuming a discount rate of 8% and $2.75/lb copper, and after-tax internal rate of return of 17.2%. The assessment includes substantial gold and molybdenum at assumed prices of $1,200/oz Au… Continue Reading

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.

Lately, the media has made much of Canada’s “Cold War Era” uranium policy, limiting foreign ownership rights to 49 percent of a producing uranium project. The policy’s loudest critics include Saskatchewan Premier Brad Wall, Newfoundland & Labrador Premier Kathy Dunderdale, Rio Tinto, Areva Resources, Paladin Energy Ltd. and the Australian government. As it stands, a… Continue Reading