PDP Float Is Small And The Run Up Will Be Large - add new,average down,its ready to fly!

The #1 Rule Of Buying And Selling

Accumulate when Anonymous Is Buying And Retail Is Exiting The Stock

Sheeple get Sheared and Fleeced

And Brokers Get Rich

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/

U.S. stock index futures were up with about 40 minutes before markets open,

Immelt upbeat
David Berman
RTGAM


After back-to-back weekly losses, investors do not appear to have lost faith in the stock market rebound that began in early March. On Monday morning, most major global indexes were higher.

U.S. stock index futures were up with about 40 minutes before markets open, suggesting that stocks will rise at the start of trading. Futures for the Dow Jones industrial average were up 33 points. Futures for the broader S&P 500 were up 3 points.

In Europe, the U.K.'s FTSE 100 was up 0.9 per cent and Germany's DAX index was up 1.5 per cent in afternoon trading. In Asia, Japan's Nikkei 225 fell 1 per cent in overnight trading.

The gains come on a light news day, and the start of a shortened week in North America. On Wednesday, the Canadian market will close for Canada Day celebrations. Although the U.S. Independence Day falls on Saturday, markets will close on Friday for a long weekend holiday.

Jeffey Immelt, chief executive of General Electric, may have lost some credibility when he cut GE's dividend earlier this year after insisting it was safe -- but investors are giving his forecasting skills another chance: In a speech at the London School of Economics, Mr. Immelt said that the worst of the economic crisis has passed and he believes growth will resume in 2010.

"I would say we have almost a fully functioning capital market," he said, according to Bloomberg News.

Copyright 2001 The Globe and Mail