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
Tuesday, June 16, 2009
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
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