BWR Houses +TA

AN INTERVIEW WITH ANDY GUSTAJTIS + Pescod

AN INTERVIEW WITH ANDY GUSTAJTIS,
ANALYST WITH DOMINICK AND DOMINICK
(As of November 28, 2007)

D.P: There is an interesting play in South America after
what you have mention about Latin America – Petrolifera
Petroleum, which has had a little bit of problems in Argentina,
but for anyone who has seen the seismic on their
projects in Peru gets excited.

A.G: With Peru's Camisea Gas Project, Peru is now on
the radar screen as a country that has the potential for
elephant discoveries.

There is a pipeline into the Pacific Coast; there are moves now underway to bring this gas by
LNG into North America.

I think Petrolifera has a very competent, technical team running the Company.

They have been very successful in Argentina, they hand-picked
the two licenses they got in Peru. They obtained those
licenses before the global oil industry woke up to the opportunities
in Peru. The early seismic is confirming they
have a huge opportunity which will take time but I am not
long the stock for a short term flip.

With success Petrolifera could be a multi-billion Company.

These type opportunities are extremely hard to land.


A.G: Being a little bit of a gambler, I would basically think that Pacific Energy (if they could get this refinancing accomplished and out of the way) could prove to be quite an exciting story. I would put them as my number one favorite. I’m hopeful that we are going to see some new contracts being announced from Sustainable Energy in the next few weeks,
if not months and if that happens, I think the stocks could get some momentum and move to new highs. And I still think that Connacher is so unbelievably undervalued in relationship to what it offers, that I would have to put Connacher as a strong buy here.

Andy Gustajtis is an Officer and Managing Director of D&D Securities Company which is a member of the IDA and the Canadian Investor Protection Fund. His comments are believed to be reliable but we cannot represent that the information is accurate or complete and it should not be relied on as such. D&D Securities Company, its officers, directors or employees from time to time may hold shares, options or warrants on any issue included in this interview. D&D Securities Company has actively participated in financing of ARISE Technologies, Corridor Resources, Connacher Oil & Gas, Sustainable Energy and Pacific Energy. Comments made should not be construed as an offer or solicitation to buy or sell and securities.

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