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