Petrolifera CEO Refutes Insider Sale Claim

The information posted on Stockhouse Bullboard

as show below is false according to CEO,

I have posted the relevant quote from the email`

and I quote Mr. Gusella

`No insider sold stock. Your information is incorrect based on the advice of counsel. All insiders of the company are in a blackout and have been for a protracted period of time. Any information provided suggesting there was an insider selling is wrong.

A former director may have sold stock and continued to be listed as an insider - that would have been related to exercise of options within 90 days of leaving the board. But such a person is no longer an insider and is not privy to any inside information.

You only lose money if you have sold. If the stock is down I suspect it will come back. Most analysts wrote today suggesting short term weakness but with healthy targets including some in the $3 plus range awaiting results form the La Pinta well which have not yet been released as testing is not yet complete.

I am obligated to issue the release based on our decision not to sell Argentina as there were no "acceptable" bids - there were many bids. We operate on the basis of full, plain, true, timely and material releases based on reliable information after due review by counsel and our technical and financial staff. I have no conclusive information yet about the La Pinta well so it is premature to conclude we cannot find oil in Columbia (sic).

We could have sold our business in Argentina but we chose not to.

Investors sold 792,800 shares and investors bought 792,800 shares.

We have not had a losing quarter. The stock market perception of our business has resulted in lower share prices but you will recall there were profound negative impacts from Argentina freezing the oil price.`` Richard Gusella CEO

I have searched for Insiders Buy/Sells,

I see nothing that shows Insiders dumping

Be careful of shorts on Stockhouse,

they just want to take your shares.

#1 Click Here To See Insiders Report On PDP

#2 This is Todays Report On Insiders At PDP

Petrolifera to keep Argentine assets, Q2 results Aug. 6

The stock has bottomed according to the technical analysis

Buy now for the next run up.

Thomas Weisel Shares In The Last 1 mth

Thomas Weisel Crosses 50,000 shares today

Remember At The Moment PDP Has A Small Public Float

I have searched for Insiders Buy/Sells,

I see nothing that shows Insiders dumping

Be careful of shorts on Stockhouse,

they just want to take your shares.

#1 Click Here To See Insiders Report On PDP

#2 This is Todays Report On Insiders At PDP

PDP IS WAY OVERSOLD AND WILL SPRING BACK WITH MODEST BUYING

Sheeple Running And Why?

Stupidity In My View

Brokers Accumulation While Retail Sheep Sell Low

This news release was not the 1 we hoped for, but

PDP generates profit from over 6500 barrels of oil per day

And they will continue the Columbia Drilling And Evaluation

Its bargain basement buying day!

Petrolifera to keep Argentine assets, Q2 results Aug. 6

2009-07-15 17:15 ET - News Release

Mr. R.A. Gusella reports

PETROLIFERA TO RETAIN ARGENTINEAN OPERATIONS, COMMENTS ON LA PINTA TESTING

Petrolifera Petroleum Ltd.'s bids received in respect of its Argentinean operations were unacceptable. Accordingly, Petrolifera has concluded the sale process and will retain its assets in the country.

A continuing capital program will be developed and initiated over the next several months to maximize production levels at Puesto Morales Norte and to fulfill modest remaining work commitments on its exploratory lands at Vaca Mahuida, Puesto Guevara and Gobernador Ayala II. A multiwell heavy oil drilling program has been under way at Gobernador recently and the results will be assessed to determine future exploitation opportunities.

In Colombia, Petrolifera has completed the testing of several zones in one formation at depth in the La Pinta well and is continuing its evaluation program of various uphole zones. The testing of the well has been problematic due to overpressuring, difficult hole conditions even though the well is cased, challenges with equipment failures compounded by the aforementioned issues and other factors. It is hoped the evaluation program of all important zones of interest, which can be tested in this well, will be completed shortly. At such time, definitive results will be communicated to the company's shareholders and capital markets.

Petrolifera anticipates providing its second quarter 2009 and year-to-date 2009 operating and financial results to capital markets on Aug. 6, 2009, and a conference call will be scheduled for the morning of Aug. 7, 2009.

Details for the conference call will be provided in the press release providing the aforementioned results.

We seek Safe Harbor.

Stockhouse Poster investorguy11 says:

At first glance this news doesn't seem that great. However one has to consider the improvements in the markets and price of oil since PDP announced their intent to divest of their Argentina assets for the right price. Not only that, but this news may be a net positive for the company in the months ahead.

Fact is, their Argentina assets produce $10-15+ million in cashflows per quarter and could increase even more so with Argentina's recent efforts to have active producers capture more profits from higher world oil prices.

Add to that the quite likely few thousand plus boepd PDP could pick up from their La Pinta well and they could have production in excess of 10k boepd easily in the near future. Their second well in Columbia could add another few thousand plus boepd. Cashflows will ramp up significantly, as will reserves.

While we wait for the final numbers in Columbia and production to begin, it's not such a bad thing to have production and cashflows continuing to come in from the Argentina assets. Petro Andina recently rejected a bid for around $8 per share and immediately moved to the $9 range after the bid was received.

This bodes well for the value of Petrolifera's Argentina assets. Bottom line is that there is no benefit to shareholders if PDP were to divest of their Argentina assets at a significant discount to their worth and coming out the market we were in until mid March, it's no surprise that bidders were making inadequate offers. At the end of 2008 the 10% PV of 2P reserves for Argentina alone were worth about $6 per share and 3P over $9.

The value of Petrolifera's concessions in Columbia and Peru are worth multiples of the current stock price and in due time the market will have no choice but to take notice. Check out the flow rates on PMG's (Petrominerales) Corcel block wells in Columbia.

The upside with PDP exploration/production in Columbia and Peru is huge.

This is only their first high impact well. Things can only get better from here.

Go PDP!

Report Insider To The Ontario Security Commission Who Sold Ahead Of The News Release Here http://www.osc.gov.on.ca/Investor/Complaints/cpt_index.jsp