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

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/

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

Its Buying Time Again The Stock Has Pulled Back Strictly On Profit Takers

Thomas weisel Buys And Sells And Nets 2 Million Shares

In the last 30 Days

Thomas Weisel Vaccums Up The Cheap WZR Shares

Under $2.00 ACCUMULATION!!!

This News Is NoteWorthy!

Short Covering Will Move This Back Thru $2.00 This Week

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