Petrolatina Energy Share Discussion Threads

[topinfo] 04/11/2011 14:50

Excellent news!!!!


In accordance with the terms of the farm-out agreement, Shell E&P Colombia agreed to pay a total fee of US$15 million in cash to PetroLatina and the remaining US$12 million is expected to be received shortly. Shell E&P Colombia will be appointed as operator of the contract and will take responsibility for the work programme.

[fireplace22] 04/11/2011 14:48

FO agreement issued.

[kinghorm23] 01/11/2011 16:12

Nothing new, dumping will ramping it on his thread at same time !

TOPINFO - 1 Nov'11 - 16:10 - 11120 of 11123

No sold PELE like everyone else.

[kinghorm23] 01/11/2011 16:02

A few trapped in the last pump and dump.

5k sale gets just 12p, mm should adjust that to 13p

[luminoso] 27/10/2011 13:30

Luc Gerard, the chairman is the founder/CEO of Tribeca - to answer a question from earlier. Rodriguez, the CEO of PELE has bought a shed load above 40p as well.
Tend to agree with JonnyT about likely outcome.

[ngms27] 27/10/2011 12:19

Yes, I'd take 20p now.

JonnyT

[don777] 27/10/2011 11:26

it seems the tide is changing, most of the small O & G companies share price start to move up

[rizzzla] 27/10/2011 11:03

would you be happy with 20p then ?

[ngms27] 27/10/2011 10:33

Yes I do hold but I sold a fair few on the way down.

JonnyT

[monis] 27/10/2011 10:13

ngms - probably does not even hold. do you?

[rizzzla] 27/10/2011 10:12

feel free to remind me when that 2op offer arrives !!

[ngms27] 27/10/2011 09:53

It's Pele who have no money, not Tribeca.

I think you will find I'm barking up the right tree.

[rizzzla] 27/10/2011 09:49

they have no money yet your suggesting they may attempt to buy out the company for peanuts

guess what if they did that they would still need money and would be cutting out any cjance of over seas investment

i think your barking up the wrong tree

[monis] 27/10/2011 09:32

looks like buys are getting bigger...

[christianf12] 27/10/2011 09:23

Jonnyt has called pele wrong so many times before. I remember him saying 150p was coming when they were 60-90p odd!

[monis] 27/10/2011 09:22

ngms- do you hold and if so what's your average entry price?

[ngms27] 27/10/2011 09:14

From 11p it would be a hefty premium given they have no money!

[monis] 27/10/2011 09:11

rizzla- agree, good post.

[rizzzla] 27/10/2011 09:11

not sure trying to take the company out at 20p would be maximising shareholder value either lol

[rizzzla] 27/10/2011 09:09

The Board of directors has for some time believed that the Company's market capitalisation has failed to fully reflect its current and future business prospects. The Board considers that the NPV10 of PetroLatina's 2P Reserves is significantly ahead of the Company's current market capitalisation, and that the current market share price represents a significant discount to the intrinsic, underlying value of the Company.

Despite announcing increased production last year and, more recently, in the first quarter of the current financial year and the acquisition of the VMM-28 block in the Middle Magdalena basin, there has been no corresponding increase in the Company's market capitalisation. Accordingly, we are currently in the process of reviewing and evaluating strategic alternatives for the further development of the Company with the objective of maximising shareholder value


the share was 30p then so it would be a bit cheeky to offer 20p bg lol

[monis] 27/10/2011 09:03

`the shell deal is the big one here at the moment imo.

[rizzzla] 27/10/2011 09:00

im sure one of the bods is involved with tribeca

it is mentioned somewhere

[ngms27] 27/10/2011 08:57

That depends who owns Tribeca.

Do we know if Directors have a stake?

[rizzzla] 27/10/2011 08:56

anyones guess ng but 20p is well under book value and they could more or less buy it from the shell cash that way