Petroamerica Oil Corp. (TSXV:PTA) just reported net income of $11.2 million for the quarter ended June 30, 2013. A review of the quarter and an Activity Schedule of upcoming catalysts can be found in the news release. Read: Petroamerica Announces Second Quarter 2013 Results and Surpasses 6,000 bopd Production Milestone PTA also announced that they have surpassed the… Continue Reading

“Petroamerica Oil Corp. (TSXV:PTA) has released the results from its Las Maracas-10 development well, which tested under natural flow, light 29.8-degree API oil at an average rate of approximately 1,000 barrels of oil per day from the Gacheta formation. The Las Maracas-10 development well was specifically targeting attic oil in the main Gacheta reservoir, however,… Continue Reading

Aug. 9 (Bloomberg) — Pacific Rubiales Energy Corp., Latin America’s most valuable non-state crude producer, said buying a light crude producer in Colombia would help reduce transport costs for the mostly heavy oil producer. Increasing low-density crude output would reduce purchases of diluents needed to transport heavier oils by pipeline, Chief Financial Officer Carlos Perez… Continue Reading

Canacol Energy (CNE:TSX) provided production results from its wells in Colombia and Ecuador.  CNE’s total corporate production in July averaged 10,120 boepd, of which 7,027 bopd was crude oil with another 3,093 boepd of gas.  Month over month growth in total corporate production was 17.5% (8,616 boepd in May and June) and 22% (5,794 bopd)… Continue Reading

Very strong results from Petroamerica Oil Corp. (TSXV:PTA) today, announcing flow tests from their Las Maracas-11 well at 3,600 bopd. Average production for the month of July for PTA (up to July 24) was 5,600 bopd, not including production from Las Maracas-11. The company has over US $48 million in cash on hand, and is fully… Continue Reading

Yesterday Petroamerica Oil Corp (C:PTA), an emerging light oil producer in Colombia, received a buy recommendation and a $.45 price target from Canaccord Genuity energy analyst Christopher Brown in Calgary. Canaccord Genuity now joins CIBC World Markets, TD Securities, Haywood Securities, Raymond James, and others in recommending Petroamerica’s shares. Mr. Brown cited PTA’s attractive valuation… 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

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

Petroamerica Announces Initial Test Results of more than 3,250 BOPD of Light Oil from the Mirador with its Las Maracas-8 Well This is another spectacular well from Petroamerica, our largest position. Press release, Stock quote.

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

With this week’s strong upside move in shares of PTA.V I thought it would be a good time to update the technical outlook for the stock: Click to enlarge PTA Weekly  PTA Daily

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