The largest independent oil and gas producer in Latin America, Pacific Rubiales (PRE:TSX) has closed its previously announced offering of US$1.3 billion of senior unsecured notes with an interest rate of 5.375% maturing in 2019.  PRE is one of the fastest growing and according to Bloomberg their compound production growth over the last five years is… Continue Reading

The Globe and Mail reports in its Tuesday edition that RBC analyst Nathan Piper upgraded Parex Resources ($5.95) to “outperform” from “sector perform.” The Globe’s Darcy Keith writes in the Eye On Equities column that the upgraded came in the wake of Parex posting a cash-flow funded 2014 capital plan that is expected to deliver… Continue Reading

Some of the best value offered in the junior markets come in the form of junior to mid-cap international E&P’s.  These are substantially discounted to their domestic peers.  Petroamerica Oil (PTA:TSXV) is one of these junior international E&P’s.  The company released their third quarter results which highlighted the profitability of this light oil producer.  The company… Continue Reading

Amir Adnani’s Brazil Resources (BRI:TSXV) has closed its acquisition of Brazilian Gold (BGC:TSXV) which it announced in late September.  BRI purchased BGC using its shares in an exchange ratio of 0.172:1 putting a value of roughly $13.5 million on BGC and their extensive gold exploration asset portfolio in Brazil.  Along with building Uranium Energy Corp (UEC:NYSE), Adnani… Continue Reading

Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC.  The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly SAN DIEGO — Inovio Pharmaceuticals (INO in USA), a DNA vaccine developer I sidestepped for four years, is having success with a Middle Eastern virus. INO shares are raging today. Inovio’s J, Joseph Kim, via a persistent biz-dev executive, Bernie Hertel, has been on me, professionally, since 2009. Inovio… Continue Reading

Cordoba Minerals (TSXV:CDB) announced a significant but early stage copper-gold porphyry discovery in Colombia earlier, and it caught our attention enough to pick up a few shares at the open this morning (Do your own due diligence!). Read: Cordoba Minerals Announces the Discovery of a New High-Grade Copper and Gold Porphyry System Drilling 101.1 metres… Continue Reading

Charle Gamba’s, Canacol Energy (CNE:TSX), is planning a follow-up program on their VMM2 E&P contract in the Middle Magdalena Valley of Colombia.  In January the Mono Arana 1 well hit 85 feet of net oil pay in the shallow Tertiary Lisama sandstone reservoir and 230 feet of potential net oil pay in the deeper Crataceous… Continue Reading

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of combining with Ari Sussman’s Sabre Metals, and Paul Dias’s Minatura, has discovered a new high grade copper and gold porphyry system at the company’s 26,000 hectare San Matias project in Colombia’s Mid Cauca Gold Belt, drilling an impressive 101.1 meters @ 1.0% copper and… Continue Reading

Compania Espanola de Petroleos SAU (CEPSA) has announced its intent to acquire Coastal Energy (CEN:TSX) for a total consideration of approximately $2.3 billion.  CEPSA will pay $19 per share in cash for CEN which represents a premium of approximately 28%.  CEPSA will assume nearly $51 million in debt from CEN as part of the deal. … Continue Reading

Parex Resources (PXT:TSX), who recently increased its 2013 exit rate guidance from 15,500bpd to 15,700bpd due to stellar production success from their light oil assets in Colombia’s Llanos Basin have now sets the bar high for 2014.  The company announced their 2014 production guidance and capital budget plans which set Parex up for a profitable… Continue Reading

Parex Resources (PXT:TSX), the 50% operating partner of Petroamerica Oil (PTA:TSXV) in the Los Ocarros Block in Colombia’s Llanos Basin, announced the initial results from the La Guira-1 exploration well, in their third quarter release (and subsequently in a release from PTA).  La Guira-1 was spud on October 9th and targeted the Mirador, Gacheta and Une formations and was drilled to… Continue Reading

On the west coast of British Columbia, onshore LNG terminals and pipelines to feed those terminals have become a media and political hot potato, with environmentalists increasing the instability of these projects which can cost $50-$60 billion.  In Colombia, Pacific Rubiales (PRE:TSX) announced this morning that they have executed a heads of agreement for a… Continue Reading

Pacific Rubiales (PRE:TSX), one of the largest oil producers in Colombia, announced this morning that they have received environmental licenses from the Colombian authorities to explore and develop in the CPE-6 and Guama blocks.  The Guama block is a 184,000 acre block located in the Lower Magdalena Valley Basin approximately 100km east of the Company’s… Continue Reading

Best in-class Colombia gold developer, Continental Gold (CNL:TSX), released assay results from the latest 13 drill holes from the Veta Sur and northern Estera systems at the Buritica project in Colombia.  Highlights include: hole BUUY149 which encountered 0.5m of 101.5g/t gold and 20g/t silver and hole BUUY353 which encountered 2.5m of 12g/t gold and 37g/t… Continue Reading