Tuesday, June 30, 2009

PDP Float Is Small And The Run Up Will Be Large - add new,average down,its ready to fly!

The #1 Rule Of Buying And Selling

Accumulate when Anonymous Is Buying And Retail Is Exiting The Stock

Sheeple get Sheared and Fleeced

And Brokers Get Rich

Petrolifera to begin La Pinta testing on June 6

2009-06-05 09:12 ET - News Release

Mr. R. A. Gusella reports

TESTING OF PETROLIFERA'S LA PINTA WELL IN COLOMBIA TO COMMENCE JUNE 6, 2009; DEADLINE FOR ARGENTINA BIDS EXTENDED TO JULY 10, 2009 AT REQUEST OF PROSPECTIVE PURCHASERS

Petrolifera Petroleum Ltd.'s testing of its La Pinta No. 1 well on the Sierra Nevada licence in

Colombia is anticipated to commence on June 6, 2009.

It is expected that the complete testing program will require between seven and 10 days, after which the rig will be released from the La Pinta No. 1 location. Results will be communicated by way of press release when they are conclusive and testing is completed.

The company also announced that at the request of a number of interested parties, the deadline for submission of bids related to the potential purchase of Petrolifera's Argentinian operations has been extended until July 10, 2009.

We seek Safe Harbor.

Public Float definition

The last price at which a stock was sold multiplied by the number of outstanding shares of voting and non-voting stocks that are held by public investors, not company directors or executives.

Depending upon whether the float is in conjunction with a stock offering, regulators may specify a certain time frame within which the calculation must be made, such as 60 days within the date a registration statement is filed.

Stock exchanges typically use public float figures to determine whether companies meet minimum listing standards, rather than looking at market capitalization, which includes the figures from both public shareholder and company directors and executives.

The smaller the float the faster the rise in the stock up/down when it is moving.

I expect this to gap up very fast- Buy New, Or Average Down This is going to fly Soon:

As much as it has climbed in the last 2 months, there are 2 major catalysts that can double this stock in the next 2 mths.

#1 Testing Of Petrolifera's La Pinta Well In Colombia To Commence June 6, 2009;
#2 And the Buy Out Of Argentina's Assets : ProspectivePurchasersArgentina Bids Extended To July 10, 2009

Petrolifera (C$3.00, C$0.20, 7.1%) has extended the deadline for submissionsof bids related to the potential purchase of its Argentinean operations to July10 at the request of a number of interested parties. It also said testing of itsLa Pinta No. 1 well on the Sierra Nevada License in Colombia is expected tostart Saturday.

Solid cash flow, profitability and favorable commodity pricing realized in Argentina during Q1
2009

• Plan of Arrangement for asset backed commercial paper restructuring completed; related line of
credit expanded to $28.2 million and borrowings reclassified as long term, which improved
working capital and enhanced liquidity

Daily sales volumes
Crude oil and natural gas liquids - bbl/d 5,245 6,726 (22)
Natural gas - mcf/d 6,500 7,044 (8)

Barrels of oil equivalent - boe/d (2) 6,328 7,900 (20)
Average selling prices
Crude oil and natural gas liquids - $/bbl $ 52.17 $ 41.99 24
Natural gas - $/mcf $ 2.98 $ 2.20 35
Barrels of oil equivalent - $/boe $ 46.30 $ 37.72 23
Common shares outstanding (000s)
Weighted average
Basic 54,948 50,212 9
Diluted 55,195 51,562 7
End of period 54,948 50,353 9

Petrolifera Petroleum Limited is a Calgary-based crudeoil and natural gas exploration, development and production companyactive in South America. Petrolifera holds interests in approximatelyeight million acres of petroleum and natural gas rights in ten onshoreconcessions or licenses in Argentina

Connacher Oil and Gas Limited of Calgary, Alberta was responsible forthe creation and financing of Petrolifera and owns 24 percent ofPetrolifera's shares. Connacher also provides some management servicesto Petrolifera.
Board of Directors

Richard A. Gusella
Executive Chairman

Gary D. Wine
President and Chief Operating Officer

much more here:

http://treasurepicks.blogspot.com/

Monday, June 29, 2009

U.S. stock index futures were up with about 40 minutes before markets open,

Immelt upbeat
David Berman
RTGAM

After back-to-back weekly losses, investors do not appear to have lost faith in the stock market rebound that began in early March. On Monday morning, most major global indexes were higher.

U.S. stock index futures were up with about 40 minutes before markets open, suggesting that stocks will rise at the start of trading. Futures for the Dow Jones industrial average were up 33 points. Futures for the broader S&P 500 were up 3 points.

In Europe, the U.K.'s FTSE 100 was up 0.9 per cent and Germany's DAX index was up 1.5 per cent in afternoon trading. In Asia, Japan's Nikkei 225 fell 1 per cent in overnight trading.

The gains come on a light news day, and the start of a shortened week in North America. On Wednesday, the Canadian market will close for Canada Day celebrations. Although the U.S. Independence Day falls on Saturday, markets will close on Friday for a long weekend holiday.

Jeffey Immelt, chief executive of General Electric, may have lost some credibility when he cut GE's dividend earlier this year after insisting it was safe -- but investors are giving his forecasting skills another chance: In a speech at the London School of Economics, Mr. Immelt said that the worst of the economic crisis has passed and he believes growth will resume in 2010.

"I would say we have almost a fully functioning capital market," he said, according to Bloomberg News.

Copyright 2001 The Globe and Mail

Thursday, June 25, 2009

QEC-T: significant natural fracturing and over-pressured intervals encountered while drilling

Questerre Energy Corporation: St. Edouard#1 Tested Gas in TBR; Preparing to Test Shale Intervals

ccnm

CALGARY, ALBERTA--(Marketwire - June 25, 2009) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC) (OSLO:QEC) reported today that testing will commence shortly on multiple shale intervals for the St. Edouard #1 well in the St. Lawrence Lowlands, Quebec. This follows a recent open-hole test of the deeper Trenton Black-River ("TBR") interval in this well.

Michael Binnion, President and Chief Executive Officer of Questerre, commented, "With the significant natural fracturing and over-pressured intervals encountered while drilling, we look forward to the stimulation and testing of the shales in St. Edouard #1. This well offsets the Leclercville #1 well that recently tested 900 mcf/d on a stabilized basis from the Utica."

Testing of multiple intervals in the upper shale sequences will begin this summer once equipment and personnel are mobilized.

The TBR carbonate interval was acid stimulated and the well flowed sweet natural gas over a three-day test period with a final rate of 2.2 mmcf/d and wellhead pressure of 2000 psi (14 Mpa) on a 7/32 inch (5.6 mm) choke. No water was produced on this test. The well is currently shut-in for buildup and further testing. Based on an initial review of the pressure data, the Company anticipates the TBR zone in this well will not support the tie-in costs to the distribution system on a stand-alone basis.

Mr. Binnion further added, "The natural fracturing contributed to strong initial flow rates from the TBR. More importantly, the cuttings indicate altered limestone that confirms the potential for the TBR exploration model. While we do not expect to tie-in this well, we believe the TBR remains a valid exploration target and plan to test additional prospects with future wells."

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

FOR FURTHER INFORMATION PLEASE CONTACT:

A Roller Coaster Day Ahead

Whoops, jobs slip
David Berman
RTGAM

If investors are under the impression that the U.S. economy will show steady improvement - week in, week out - they're in for a shock: On Thursday, the Labor Department reported a jump in the number of initial jobless claims, thumping global stock market indexes.

U.S. stock index futures were down with about 40 minutes before markets open, suggesting that stocks will fall at the start of trading. Futures for the Dow Jones industrial average were down 37 points. Futures for the broader S&P 500 were down 7 points.

In Europe, the U.K.'s FTSE 100 was down 1.2 per cent and Germany's DAX index was down 2.1 per cent in afternoon trading. In Asia, Japan's Nikkei 225 rose 2.2 per cent in overnight trading.

To be fair, the European indexes were down from the start of trading, but the U.S. jobless report appears to have made matters worse. Initial claims rose to 627,000 last week, up 15,000 from the previous week and well ahead of expectations for claims of 600,000.

Clearly, the number of laid off Americans seeking benefits is not shrinking at the pace economists have been expecting. Just as disappointing, the previous week's claims - which had been heralded as good news at the time - were revised upward, to 612,000 from 608,000.

"On balance, the fact that initial jobless claims continue to hover above the 600,000 mark does suggest that there is still job destruction embedded in the U.S. labor market, though there is some evidence to suggest that the level is beginning to show signs of stability," said Ian Pollick, economics strategist at TD Securities, in a note, pointing to the consistent range of claims over the past several weeks.

Copyright 2001 The Globe and Mail

Wednesday, June 24, 2009

PDP Ready To Fly-2 HUge News Releases Pending

Petrolifera provides update on La Pinta testing program

12:53 EDT Tuesday, June 16, 2009

CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed. Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.

Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.

FORWARD LOOKING INFORMATION:

This press release contains forward-looking

Toronto stock market surged Wednesday

TORONTO - The Toronto stock market surged Wednesday following a surprise jump in U.S. durable goods orders last month while investors took in a major deal in the Canadian oilpatch.
The S&P/TSX composite index moved up 130.2 points to 10,026.9 following a 63-point advance on Tuesday.
The rise was slight compensation for a 454-point plunge on Monday, which was triggered by a World Bank report that global economic contraction this year would be worse than thought.
Addax Petroleum Corp. (TSX:AXC) said Wednesday it has reached a deal that will see it be acquired by Chinese oil and gas giant Sinopec International Petroleum Exploration and Production Corp. for $8.27 billion. The wholly-owned subsidiary of China Petrochemical Corp. will pay $52.80 per share. Its shares closed Tuesday at $45.65 and on Wednesday its shares rose $5.10 to $50.75.
Overall, the energy sector was 1.5 per cent higher even as the August crude contract in New York lost 24 cents to US$69 a barrel. Suncor Inc. (TSX:SU) gained 47 cents to $33.63.
The Canadian dollar was up 0.49 of a cent to 87.45 cents US.
The TSX Venture Exchange was 3.78 points higher to 1,077.96.
In New York, the Dow Jones industrial average advanced 52.8 points to 8,375.7 after the U.S. Commerce Department reported a 1.8 per cent rise in May orders for big-ticket items. Economists surveyed by Thomson Reuters were anticipating a decline of 0.6 per cent.
"This is an amazing feat in the face of auto plant shutdowns and a still-fragile economy," said BMO Capital Markets senior economist Sal Guatieri.
"While autos/parts slid eight per cent due to the plant shutdowns and still-weak vehicle demand, solid gains in machinery and computers/electronics more than compensated. The reopening of Chrysler's plants in late June and GM's facilities in late July could extend the recent uptrend in goods orders."
The Nasdaq composite index gained 21.61 points to 1,786.53 while the S&P 500 index rose 7.15 points to 902.25.
The strong durable goods report comes ahead of the Federal Reserve's decision on interest rates and assessment of the economy, as well as data on new home sales.
The central bank will wrap up its scheduled meeting on interest rates at mid-afternoon.
The Fed is widely expected to leave its key rate unchanged at a range of zero to 0.25 per cent. Its outlook for the economy, however, is less clear.
Many investors bought into the market rally that started in early March on hopes for a late-year economic recovery.
The durable goods report overshadowed another report from the Organization for Economic Co-operation and Development (CD) said that the deepest global recession in over 60 years is close to bottoming out. But it warned recovery will be weak unless governments take further action to remove uncertainty over banks' balance sheets.
Elsewhere on the TSX, the base metals sector was almost three per cent higher as the price of copper gained six cents to US$2.26 a pound. Teck Resources (TSX:TCK.B) gained 73 cents to $18.57.
The financial sector gained 1.22 per cent with TD Bank (TSX:TD) ahead 62 cents to $56.55.
Investment management firm AGF Management Ltd. (TSX:AGF.B) said second quarter profits were down 61 per cent from a year ago to $17.2 million. AGF said profits and revenues were dragged down by continued global market weakness. Its shares were ahead 49 cents to $11.50.
The August bullion contract on the Nymex rose $14.60 to US$938.90 an ounce and the gold sector rose one per cent.
In other corporate news, software maker Oracle Corp.'s results for its latest quarter topped Wall Street's forecast Tuesday, despite a five per cent drop in sales and a seven per cent decline in profit. The company blamed the declines on the effects of a stronger U.S. dollar - which makes deals done in other currencies translate into fewer greenbacks. Companies also have been shelling out less for new software because of the recession.
Canadian dairy company Saputo Inc. (TSX:SAP) said Tuesday it has signed a deal to buy cheesemaker F&A Dairy of California Inc. Terms of the deal were not immediately available. Saputo shares added eight cents to $23.19.
Overseas stock prices were also higher.
Japan's Nikkei stock average gained 0.4 per cent while Hong Kong's Hang Seng rose two per cent.
Britain's FTSE 100 was 0.7 per cent higher, Germany's DAX index rose 1.43 per cent, and France' s CAC-40 climbed 1.25 per cent.

Tuesday, June 23, 2009

PDP House Show Stupid Sellers And Anonymous Accumulation

The market makers are bringing the stock down and they are accumulating the stock,
There are 2 major news releases pending for PDP, and if you can accumulate at these levels you will be ready for the run back thru $3.00 and beyond.

Foolish retail sellers are exiting in dribble of shares before

The Oil Gusher!

Monday, June 22, 2009

Questerre Energy:significant leverage to a rising natural gas price

Globe says Questerre nicely leveraged to nat gas price

2009-06-18 07:17 ET - In the News

The Globe and Mail reports in its Thursday, June 18, edition that Marquest Asset Management manager Andrew Cook sees opportunity in Questerre Energy. Lois Lee writes in The Globe's BNN Market Call column that Questerre Energy stock slipped three cents to close Wednesday on the Toronto Stock Exchange at $1.58.

Questerre Energy has a one-year range of 78 cents to $5. Mr. Cook says: "The company's main asset is an interest in a large prospective shale gas field in the Quebec Lowlands. This provides significant leverage to a rising natural gas price."

In his general outlook Mr. Cook says: "While stocks have rallied significantly from their lows and may consolidate in the near term, we believe that the amount of monetary and fiscal stimulus, the steep yield curve, attractive valuation and cash on the sidelines ensure a continued upward trend in equity markets.

Outperformance will continue to come from emerging markets and the resource sector. From a strategic view, we have been taking profits in stocks that are overbought and redeploying the cash into stocks which demonstrate better risk/reward."

Friday, June 19, 2009

The price disconnect between oil and natural gas

Crude oil prices have risen above US$70, a new high since the cyclical low in February. Natural gas prices have failed to participate. In February, the ratio between the price of one barrel of oil and one million BTU's worth of natural gas was 8 to 1. That gap has since widened to a ratio of 18 to 1. Can the natural gas market continue to be disconnected to crude oil prices?

Most analysts of energy commodities will concede that, in the short run, fundamentals have little to do with energy price futures. It used to be that whenever there was an extreme contango occurred in crude futures (an upward sloping curve in forward contracts or when forward contracts are trading much higher than the near-month), investors were correct to identify that the upward pressure in the near-month would eventually narrow the contango spread. Now, investors in futures appear to be betting that the same will occur in natural gas futures. Maybe ... and maybe not.

The crude oil market is much different than the North American natural gas market, especially while we are at the depths of an economic recession.

The crude oil world is dominated by a small number of countries that dominate exports of crude oil (i.e. OPEC, Russia, Canada, and Mexico). An even smaller number of countries are able to achieve significant growth in exports (i.e. a handful of OPEC members, Canada, and few others). Thus, OPEC’s ability to balance the supply/demand fundamentals at any point in time can have a significant impact on average prices, despite the brief extremes we saw at the high last summer and the low this past winter.

Until about five years ago, the North American natural gas market was well connected to the crude oil price, because there was no unused capacity to increase production and the ability to grow production was quite weak. In fact, Canada’s supply growth since 1986 represented over 60% of the incremental demand in U.S. over that period of time. And in 2005, Canada’s supply growth peaked and has since been falling.

During the past five years, two new phenomena developed. Shale gas production in the Unites States, due to higher prices and new technology, caused U.S. domestic supply to grow rapidly, to all-time record levels.

At the same time, the capacity to import liquefied natural gas (LNG) into the United States was expanded to fill the expected gap from the decline in U.S. production. Now LNG has become a significant supply threat to North American producers during the summer months.

Excess supply of natural gas in the North American market is measured by the level of natural gas inventories, which are currently at record levels for this time of the year.

There are certainly positive signs that are driving the extreme contango in natural gas prices, when you look at winter contracts that are 50% higher than summer contracts. Commodity investors are looking at the collapse in U.S. rig activity which fell to 700 last week from 1600 last summer. They are betting on recovery in U.S. industrial activity. And they are looking at the disconnect between crude oil and natural gas futures.

However there are also signs that the commodity investors may be too early in their enthusiasm. Spot prices for natural gas (that’s the physical market) are well below the near-month futures prices, indicating that excess supply could continue to keep prices low for the rest of the storage injection season at the end of October. In Canada, spot prices are below C$3.00 per thousand cubic feet or US$1.00 per thousand cubic feet lower than U.S. spot prices.

Equity investors can play the natural gas price turnaround story by buying shares in gas-weighted companies with strong balance sheets. High debt levels will be a significant drag on capital investing either until higher prices generate higher cash flow, or until investor bullishness allows companies to issue new equity.

Patience will be a virtue in this natural gas cycle.

QEC Buys Some Horn River For Gas Drilling

Questerre Energy Corporation

TSX: QEC
OSLO STOCK EXCHANGE: QEC

Jun 10, 2009 00:28 ET

Questerre Acquires Horn River Shale Acreage

CALGARY, ALBERTA--(Marketwire - June 10, 2009) -

NOT FOR DISTRIBUTION ON U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Questerre Energy Corporation ("Questerre" or the "Company") (TSX:QEC)(OSLO:QEC) is pleased to announce that it has acquired exploration licenses covering over 17,900 (12,800 net) acres prospective for the Devonian Horn River shales.

Michael Binnion, President and Chief Executive Officer, commented, "We now have a great toe-hold in this highly prospective area. In addition to the primary target of Devonian shales, we believe the land also holds potential for Keg River reefs and the proven Jean Marie resource play. Subject to further technical work, we could drill our first well here in early 2010."

The acreage is on trend with recent and planned shale wells by several majors in the Horn River Basin in northeast British Columbia. It also lies adjacent to several deeper Keg River and Slave Point discoveries in the area as well as the Company's acreage in Greater Sierra region.

This news release contains forward-looking information. Implicit in this information are assumptions regarding commodity pricing, production, royalties and expenses, that, although considered reasonable by the Company at the time of preparation, may prove to be incorrect. These forward-looking statements are based on certain assumptions that involve a number of risks and uncertainties and are not guarantees of future performance. Actual results could differ materially as a result of changes in the Company's plans, commodity prices, equipment availability, general economic, market, regulatory and business conditions as well as production, development and operating performance and other risks associated with oil and gas operations. There is no guarantee made by the Company that the actual results achieved will be the same as those forecasted herein.

This news release does not constitute an offer of securities for sale in the United States. These securities may not be offered or sold in the United States absent registration or an available exemption from registration under the United States Securities Act of 1933, as amended.

Questerre is a Calgary-based independent resource company actively engaged in the exploration, development and acquisition of high-impact exploration and development oil and gas projects in Canada.

For more information, please contact

Questerre Energy Corporation
Anela Dido
Investor Relations
(403) 777-1185

(403) 777-1578 (FAX)

The Horn River Shale Formation ( British Columbia, Canada Shale ) is a natural gas shale field located deep below the earths surface. Located mainly in British Columbia B.C, Canada, the Horn River Basin shale play is the largest shale gas field in Canada according to B.C. Energy Minister Richard Neufeld. In 2007, companies spent a total of 240 million in new leases for the Horn River Basin Rock Deposit Area. Another emerging shale play in British Columbia just south of the Horn River formation is the Montney Shale.Experts estimate that there is about 250 trillion cubic feet of Natural Gas in northeast B.C in which 10-20% would be recoverable.

Thursday, June 18, 2009

Petro Andina Resources Inc. (PAR.T) are up 29%

Could PDP Be Next?

29%= $3.70 per share

PDP-T: We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.

Petro Andina Resources Inc. (PAR.T) are up 29%

By Jennifer Walter

Of DOW JONES NEWSWIRES

TORONTO (Dow Jones)--Shares of Calgary's Petro Andina Resources Inc. (PAR.T) are up 29% after Pluspetrol Resources Corp. N.V., said it is planning a C$8.10-a-share offer for the company, which is focused on developing a heavy-oil resource in Argentina's Neuquen Basin.

In Toronto Thursday, Petro Andina is up C$2.00 to C$8.95, well above the offer price, on 4.3 million shares.

Pluspetrol's offer totals C$400 million and represents a 17% premium to Petro Andina's closing price of C$6.95 on the Toronto Stock Exchange Wednesday. Pluspetrol said the bid also represents a premium of about 31% to the C$6.20-a-share issue price in Petro Andina's recent equity offering.

Pluspetrol, a privately held Netherlands company, is mainly focused on the exploration and production of hydrocarbons in Latin America. It said it's a major player in Argentina's energy sector and also has interests in Peru, Bolivia, Venezuela, Colombia and Chile.

Petro Andina has assets in Argentina, and exploration programs in Colombia and Trinidad and Tobago.

Rafi Khouri, an analyst with Raymond James, said the bid was unexpected. Khouri recently raised his target for Petro Andina to C$9 from C$8. "My view is that Pluspetrol's bid undervalues the company," Khouri said.

Khouri doesn't own shares of Petro Andina, but Raymond James was involved in the company's recent equity offering.

Wellington West analyst Kevin Shaw released a research report and raised his rating on Petro Andina to strong buy from buy, citing the company's strong financial position and growth prospects. Shaw, who has a target of C$12 for Petro Andina, also believes the bid undervalues the company.

Shaw told Dow Jones that while Pluspetrol's bid was unexpected, it isn't surprising given the "high quality" of Petro Andina's assets, and the fact that both companies are involved in enhanced oil recovery in South America.

"South America is a place that is very attractive on the international circuit right now because it's a large growth area for specialty oil reserves in the world," Shaw said. "There's potential that other oil companies could be interested in Petro Andina."

Shaw added that he believes it's likely the bid is hostile, given that Pluspetrol proposed a cash deal. "It's a very opportunistic positioning move by the buyer, and Petro Andina's management is obviously going to have lots to think about." Shaw doesn't own Petro Andina shares, and Wellington West has received compensation for investment banking from Petro Andina in the last 12 months.

Pluspetrol said the bid will be formally launched on Friday, and will be open for 60 days. Petro Andina officials weren't immediately available for comment.

Company Web Site: http://www.petroandina.com

-Jennifer Walter, Dow Jones Newswires, 416-306-2028 jennifer.walter@dowjones.com

(Carolyn King in Toronto contributed to this story.)

PDP Testing And Sale Of Argentina Assetts

Petrolifera provides update on La Pinta testing program

12:53 EDT Tuesday, June 16, 2009

CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed. Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.

Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.

FORWARD LOOKING INFORMATION:

This press release contains forward-looking

Commodity stocks lead TSX lower; N.Y. little changed on economic concerns

Commodity stocks lead TSX lower; N.Y. little changed on economic concerns

By Malcolm Morrison – 48 minutes ago

TORONTO — The Toronto stock market was lower Thursday morning as investors remain cautious after four losing sessions and took in news that Canada's annual inflation rate fell to virtually zero last month.

The S&P/TSX composite index moved 18.3 points lower to 10,047.8 after a selloff led by the commodities sector pushed the main index down 241 points on Wednesday.

The Canadian dollar rose 0.21 cent to 88.63 cents US after Statistics Canada reported the overall annual inflation stood at 0.1 per cent in May. Prices were held back by a plunge of almost 25 per cent year to year in the price of gasoline.

But overall prices were 0.7 per cent higher last month, led by the cost of food, which continues to remain the leading force behind whatever remains of inflation in Canada.

Food costs rose 6.4 per cent last month from a year ago.

The Toronto energy sector was down 0.65 per cent as the July crude contract on the New York Mercantile Exchange stepped back 27 cents to US$70.76. Canadian Natural Resources (TSX:CNQ) lost 84 cents to $58.06.

The Toronto stock market is coming off four straight days of losses that carved 648 points, or almost 6.5 per cent, from the main index. The market lost almost 250 points on Wednesday.

The TSX had soared as much as 40 per cent during a rally that began in early March. But investors have turned cautious on fears a hoped-for economic turnaround will not be in place by the end of the year.

Commodity stocks have been the big decliner as oil prices in particular have weakened from seven month highs of US$73 a barrel.

The TSX Venture Exchange was up 2.76 points to 1,18.13.

New York markets have also been moving lower this week and that trend continued Thursday but investors were pleased with data showing the overall number of people drawing unemployment benefits fell for the first time since early January.

New York's Dow Jones industrial average moved up 5.2 points to 8,502.4 following a flat close as the government reported that total unemployment insurance rolls fell last week by 148,000 to 6.76 million, the largest drop in more than seven years.

The Nasdaq composite index moved 8.13 points lower to 1,799.93 while the S&P 500 index added 1.1 points to 911.8.

Investors are awaiting testimony from Treasury Secretary Timothy Geithner on the White House's proposed overhaul of the nation's financial regulatory system.

Geithner is expected to testify before Senate and House committees on the proposals outlined by President Barack Obama on Wednesday. The plan would give new powers to the Federal Reserve to oversee the entire financial system and would also create a consumer protection agency to guard against credit and other abuses.

The base metals sector was 0.8 per cent higher as the July copper contract moved down two cents to US$2.24 a pound.

Teck Resources Ltd. (TSX:TCK.B) shares were up 43 cents to $17.75 after it said Wednesday it has signed a deal to sell a one-third interest in its Waneta Dam in southeastern B.C. to BC Hydro for $825 million. The Vancouver-based mining company said it expects to book a pre-tax gain of $625 million on the sale that will be used to reduce debt.

The August bullion contract on the Nymex was up $3.50 to US$939.50 an ounce but the gold sector eased 1.3 per cent.

Iamgold Corp. (TSX:IMG), a Toronto-based miner with gold miner with projects in West Africa and specialty mineral output from Quebec, says it expects higher production and lower costs for this year. The company now projects production of about 910,000 to 920,000 ounces of gold, an increase of 30,000 to 40,000 ounces over previous guidance and its shares fell 15 cents to $10.73.

In other corporate news, pilots at WestJet Airlines Ltd. (TSX:WJA) have voted 89 per cent in favour of a new four-year contract, the company said Wednesday. Terms of the deal were not immediately available. Its shares were five cents higher at $10.79.

Shares in Magellan Aerospace (TSX:MAL) surged 30 cents or 17 per cent to $2.05 after it said it has been awarded a US$60 million contract to supply machined titanium components for three variants of the F-35 Lightening II fighter jet.

Asian stocks suffered their fourth straight day of losses Thursday amid a growing belief the markets were due for a reality check after the recent surge. European markets weakened in early trade.

Japan's benchmark Nikkei 225 stock average fell 1.4 per cent and Hong Kong's Hang Seng dropped 1.7 per cent.

London's FTSE 100 index declined 0.4 per cent, the German DAX inched up 0.6 per cent while the Paris CAC 40 added 0.15 per cent.

Copyright © 2009 The Canadian Press. All rights reserved.

Wednesday, June 17, 2009

WesternZagros Provides Drilling Update on Kurdamir-1

WesternZagros Provides Drilling Update on Kurdamir-1

ccnm

CALGARY, ALBERTA--(Marketwire - June 17, 2009) -

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") announced today that drilling of Kurdamir-1 has progressed to a current depth of 1,700 metres with no significant drilling issues encountered, and the 13 5/8" intermediate casing was set in the Lower Fars as planned.

Total depth for Kurdamir-1 is planned to be approximately 4,000 metres. Drilling is expected to be completed in October 2009 and, upon exploration success, testing operations would commence. Kurdamir-1 is targeting four potential reservoir zones - the Oligocene and Pilaspi/Jaddala intervals in the Tertiary, and the Shiranish and upper Qamchuqa intervals in the Cretaceous. The top of the first reservoir in the well is expected at approximately 2,100 metres.

About WesternZagros Resources Ltd.

WesternZagros is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a Production Sharing Contract with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros' shares trade in Canada on the TSX Venture Exchange under the symbol "WZR".

U.S. flat, Canada hammered

U.S. flat, Canada hammered
David Berman
RTGAM

When the chief executive of FedEx Corp. gives an earnings forecast, people sit up and take notice. It's not because Frederick W. Smith is particularly prescient. Instead, it's because FedEx is on the bleeding edge of the economy.

On Wednesday, the package-shipping company said its earnings for the current quarter would be just 30 cents to 45 cents (U.S.) a share, or about half what analysts had been expecting.

Rising fuel costs took some of the blame - but the dismal outlook is mostly due to the fact that shipping volumes are heading down. And when shipping volumes are down, the economy is in the dumps, providing more angst over whether the stock market's remarkable gains since early March can be sustained without signs of an improving economy.

On Wednesday, the Dow Jones industrial average closed at 8497.18, down 7.49 points, or 0.1 per cent. The broader S&P 500 closed at 910.71, down 1.26 points, or 0.1 per cent. The day marked the third down day in a row for both indexes.

Commodity producers were weak, with Alcoa Inc. down 3.8 per cent. Financials were also down on concerns about the U.S. administration's plan to overhaul the regulatory system, with Bank of America Corp. falling 3.4 per cent and JPMorgan Chase & Co. falling 2.3 per cent.

In Canada, the S&P/TSX composite index closed at 10,066.11, down 241.29 points, or 2.3 per cent.

Materials stocks led the way down, with Potash Corp. of Saskatchewan Inc. tumbling 10.5 per cent after a profit warning from a German fertilizer company. Teck Resources Ltd. fell 5.2 per cent.

Energy stocks were also hammered, despite the fact that the price of crude oil rose slightly, to above $71 (U.S.) a barrel. Suncor Energy Inc. fell 5.2 per cent and Canadian Natural Resources Ltd. fell 3.8 per cent.

Financials also fell, with Royal Bank of Canada down 1.4 per cent and Toronto-Dominion Bank down 0.7 per cent.

Until recently, the stock market was moving on the green shoots theory, which goes: Signs of economic stability, or even a slower rate or deterioration, are enough to send stocks soaring. But now, with major indexes up about 40 per cent from their March lows, investors want more, which helps explain the recent bout of stock market volatility.

"The selloff over the past couple of days in the stock market suggests that we need to see green stalks, not just green shoots," Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a note released Wednesday morning.

The FedEx forecast was certainly no green stalk. During the rally that began in March, the shares surged 80 per cent by early May as investors bet that financial Armageddon and economic depression were not in the works. That's about double the move of the broad S&P 500 over the same period, and it reinforced the belief that freight haulers are barometers for the global economy.

"They are a reflection of consumer conditions," said Morgan McGowan, assistant economist at Moody's Economy.com. "The companies involved operate with a combination of air and ground, and even rail shipping as well. So they give a broad range of the different types of shipments that are going out."

Now, though, the barometric reading has changed as investors lose patience over the lack of hard evidence of an economic recovery. FedEx shares have fallen 17.8 per cent over the past month, which is worse than the broader market.

Copyright 2001 The Globe and Mail

CLL And Pescod View Of The Future

IE.to is worth looking at since WZR is currently getting hammered by insiders dumping 400k shares

WZR-T This is not good, Thomas Weisel is the biggest seller

today after accumulating 2 million Shares in the last 35 days.

123,000 net sold shares so far

I have sold off WZR and moved into IE

When Trades Go Wrong Cut Losses

Shares sell at same money, and IE is

A: The petroleum and distiller of heavy oil is in discussions on several fronts with strategic, technology and/or capital partners. These might include refiners seeking the utility of Ivanhoe’s Texas facility for upgrading their own heavy oil into acceptable API-grade “clean” diesels and other fuels. CEO and Ivanhoe Capital Chairman Robert M. Friedland, a deep-pockets supporter of untapped hydro-carbon resources, tells me today (Friday),

“Our team is very deeply involved in highly confidential business discussions at the San Antonio facility under (technology chief Mike A. Silverman’s) direction, which is placing a huge demand on his time.”

Mr. Friedland says investors at present can peruse the Ivanhoe Energy cyber site for current research and a potent video in four languages, including Chinese and Arabic. (Ivanhoe Energy shares are now an Instant Value selection for Ticker Trax subscribers.)

PDP Insiders and More On Testing And Sale Of Argentina Assetts

Petrolifera provides update on La Pinta testing program12:53 EDT Tuesday, June 16, 2009CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed.

Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.

Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.FORWARD LOOKING INFORMATION:This press release contains forward-looking

F.J, Dyment Sells 400k shares from grant of options through Salman

And the good news is thats all been flushed through the market by Salman in the last 5 days

Boone was also a seller of 31,000k shares approx.

Salman Has Been a Seller Since June 10 2009

400,000 shares unloaded

this caused WZR To Fall

Weisel Is Making The Market again Today

Markets Pulling Back - Seasonally

WZR Large Cross

These two oil plays are getting hit, but both have very promising pending news

Are You Invested In Oil? Its the only market thats moving!

Action Economics morning alert7:38 June 17, 2009, EDT.(Canadian Press)
(Action Economics) - 05:53 EST Oil Action: Nymex crude futures have declined in the European morning session, erasing most gains recorded in the Asian session, ahead of today's EIA crude stocks report. A Bloomberg survey predicts that the U.S. Energy Department will report a drop in crude stockpiles of EUR 2 m barrels last week.

Yesterday the American Petroleum Institute reported U.S. crude inventories down by 1.3 mln barrels to 356.6 mln barrels last week. As of 9:34GMT the July Nymex future was down 34 cents per barrel at USD70.13 per barrel, after trading in a range between USD 69.91 to USD71.28.

Gushers of oil fill China tanks

ZHOUSHAN, China–One reason for the rebound in world oil prices sits on China's eastern seaboard, where rows of immense, squat oil tanks on an island south of Shanghai, have been filled to guard energy security.

Patrolled by military personnel, these tanks in Zhoushan are one of four locations where China keeps its national strategic reserves.

Since crude oil and other commodity prices plunged last year – oil tumbled from $147 (U.S.) a barrel last July to nearly $33 in December – China has rushed to build up stockpiles at bargain prices, economists say. That motive, more than a revival in industrial demand, has driven its recent import boom of oil, copper and other metals.

The United States has done similar deals to buy crude for its far larger Strategic Petroleum Reserve. Associated Press

Tuesday, June 16, 2009

WZR Buy between 1.60-1.81 Talisman Picks Winners!

Salman Has Been a Seller Since June 10 2009

400,000 shares unloaded

this caused WZR To Fall

Weisel Is Making The Market again Today

PDP Delay On La Pinta testing program Investors Will Wait A Little Longer

Some small trades 100 = programmed trades

by market makers looking to absorb sheeple selling due to the delays.

Petrolifera provides update on La Pinta testing program

12:53 EDT Tuesday, June 16, 2009

CALGARY, June 16 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX) announces today that to date it has been unable to test prospective zones in the La Pinta well on its Sierra Nevada License in Colombia, due to both the late arrival of certain equipment and certain mechanical failures encountered while running the test assembly. These issues have now largely been overcome and it is now anticipated testing will commence in the next several days and continue for an indeterminate period until completed. Events to date in no way reflect on the possible outcome of the testing program as prospective zones have not yet been perforated.

We also wish to reaffirm that the deadline for submission of bids for the company's Argentinean operations was, as previously announced, extended until July 10, 2009.

Petrolifera is a Calgary-based crude oil and natural gas exploration, development and production company active in Argentina, Peru and Colombia.

FORWARD LOOKING INFORMATION:

This press release contains forward-looking

Monday, June 15, 2009

Phantom Alert loads right into your GPS system-No More Tickets 4 You

A new piece of software called Phantom Alert claims to add warnings for hidden police cameras and DUI checkpoints right into your GPS system. Phantom Alert provides 100,000 “enforcement locations,” its maker says, then sends you a warning before you hit any of those areas. Phantom Alert: How It Works

Phantom Alert works by using user-submitted notes of enforcement sites, then uploading them into your car’s system. “You will see them before they see you,” the company promises.

Click To Learn More About The Phantom Alert Today

Video #1

Video #2

WZR Time To Buy Before the next run thru $2.00

PDP Will Release News At Any Time- Be Invested!

PDP Testing La Pinta No 1 Plus Selling Argentina Assets Buy Today!

Colombia is anticipated to commence on June 6, 2009.

Public Float definition

The last price at which a stock was sold multiplied by the number of outstanding shares of voting and non-voting stocks that are held by public investors, not company directors or executives.

The smaller the float the faster the rise in the stock up/down when it is moving.

I expect this to gap up very fast- Buy New, Or Average Down This is going to fly Soon:

Bankers Petroleum Technical: Buy Alert Signal

WZR Time To Buy Before the next run thru $2.00

Post says Talisman, others look to expand in Kurdistan

2009-06-12 09:28 ET - In the News

See In the News (C-TLM) Talisman Energy Inc

The Financial Post reports in its Friday edition that North American energy companies are falling behind their European and Asian cousins in staking claims to undeveloped, massive oil and gas fields in Iraq's Kurdistan region.

The Post's Carrie Tait writes Kurdistan just 12 days ago pumped out crude from its first new oil fields in decades. Qubad Jalal Talabani, who represents Iraq's Kurdistan regional government in the United States, notes that while the U.S. is cool to the idea of more Middle East oil, Canadian companies are dipping their toes into Kurdish territory.

Talisman Energy and WesternZagros Resources are among the handful of domestic companies looking to grab a piece of Kurdistan's potential. Turkey and Lebanon invest more in Kurdistan than any other country. Europe, Mr. Talabani said, is more aggressive than its Western counterparts, and South Korea is also pushing into the northern corner of Iraq.

"We can survive and flourish [without further North American investment], but obviously we want our friends to be partners with us as we develop our region," he said. Despite the United States' pledge to end its reliance on foreign oil, Mr. Talabani does not expect exports to dry up.

2009-06-12 09:28 ET - In the News

See In the News (C-TLM) Talisman Energy Inc

The Iraq Contracts And Political Affect On Oil:

"The contracts have been put out to tender but a highly controversial hydrocarbon law — intended to govern how oil proceeds are split among the population – remains locked in parliament, more than four years after it was first proposed.

Al-Shahristani is fighting for his political life. He has been heavily criticised in recent weeks by MPs angry about the stagnation of the industry at a time when the country desperately needs revenue.

Yet the oil companies are unfazed by the uncertainty. Iraq is sitting on 115 billion barrels of proven reserves. At a time when explorers are going to great lengths to get at new sources, Iraq’s is the “easiest” oil in the world. It costs between $2 and $4 a barrel to extract, compared with $50 or more for tar sands or deep-sea drilling.

In its annual review of world energy, BP announced last week that global reserves fell for the first time in more than a decade. Lambert Energy, a consultancy, predicts that at present rates of decline the world will need 40m barrels a day of new production capacity within a decade just to keep up with current demand.

Philip Lambert, its founder, said: “The world needs Iraq, both the north and the south, to work. There is nothing else that can fill the gap.”

So will this latest initiative succeed? Industry insiders say it has a good chance. On June 1, Jalal Talabani, the Iraqi president, hosted a gala ceremony celebrating the connection of a pipeline out of Kurdistan, in the north of the country. It was a momentous occasion. It connected two fields, Taq Taq and Tawke – the first to be developed since the 1970s – to the port of Ceyhan in Turkey.

Talabani’s presence was key. Since 2003, the Baghdad government and Erbil, the capital of the semi-autonomous Kurdistan, have been locked in a bitter row. Ashti Hawrami, the Kurdish oil minister, has signed 30 contracts with foreign companies without the blessing of the federal oil ministry. These so-called production-sharing agreements are generous. They give oil companies a 10%-20% cut of revenues.

The deals infuriated Al-Shahristani, who blacklisted any company that dealt with the Kurds. That is why no big oil company entered the region, leaving it to minnows such as Heritage Oil, Addax Petroleum and Norway’s DNO.

Talabani’s blessing at the opening was seen as a shift in the government’s stance. Uncertainties remain, though. The Kurdish contracts have yet to be ratified by parliament, while the law to determine how oil income – 95% of Iraq’s GDP – will be distributed remains mired in controversy.

The deals offered to the oil giants in the south won’t be nearly as attractive as those in Kurdistan. They are technical contracts, under which companies are paid a fee to increase production. Oil groups have found such deals in other countries such as Iran unappealing. However, the contracts do provide for additional payments if production targets are passed".

http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article6493356.ece