Petrolatina Energy Share Discussion Threads

[rizzzla] 26/10/2011 13:53

well always a good idea to make those MMs work

[don777] 26/10/2011 13:51

not a liquid one,

it's hard to buy and sell at substantial volume.

[monis] 26/10/2011 13:45

news is overdue and would prefer to be in rather than out when it comes imo

[monis] 26/10/2011 13:39

I think these have fallen too far. Excellent entry point imo dyor.

[rizzzla] 26/10/2011 12:53

when !

making your mind up :)

[monis] 25/10/2011 10:30

please explain , what why when?

[ngms27] 25/10/2011 09:20

Looks to me that this will be taken out very cheaply by Tribeca. i.e sub 20p

[monis] 24/10/2011 17:54

thanks for the feedback, i've researched here before but some time ago..

[rizzzla] 24/10/2011 17:35

i could probably name one or 2 dozen that are cheap tbh as im sure most here could throughout th o&g sector.


shares like this just need a spark and to be fair its what you think that matters

[don777] 24/10/2011 17:26

monis,

i also believe it will go through.

if not, then we might get to 5 P.

it's hard to value any thing cheap or not,

if we think it's cheap at 10 P , it still possible goes to 5P as no one buy and the sentiment against it.

if we think it's expensive at 60P, it still went to 90P,

one of the measures i think to value the PELE is how many posters a day here, from very quite like now to 30-40 posts a day is a symbol for us to go up, it's shown at last two rallies.

D

[monis] 24/10/2011 17:00

If it didn't go through what then? Are they still cheap?

[rizzzla] 24/10/2011 16:58

personally im going along the lines that the farm in will go through at some point,

you can make a dozen views on how they will fund next years drilling

if i were Tribeca Oil & Gas id loan them the money and grab a bigger slice than the 62% they already own

[monis] 24/10/2011 16:39

rizzla - how would u summarise the companies situation?

[rizzzla] 24/10/2011 16:33

if there was a problem with the licence area i doubt shell would of farmed in

the problem lies with the speed of ANH

with net assets of $40 million id say it could be argued there is a little value

[monis] 24/10/2011 16:29

La Paloma, that's different from the shell farm out one?

Does it warrant the share price alone do you think?

[don777] 24/10/2011 16:20

La Paloma block is a quite good asset.

if Colon 4, 5 two development wells drilled properly, we can add 500-600 bopd.

[monis] 24/10/2011 15:34

if there are problems with that license area re shell are their other areas worth the current sp?

[rizzzla] 24/10/2011 15:31

Is it too early to buy in here? million $ question tbh lol

personally it depends on how you view shell that wants the licence that is next to one they already own

given the $15 million payment would cover the current share price i see it as a good risk/reward

[monis] 24/10/2011 12:59

Is it too early to buy in here? Does anyone know roughly the downside if this farm out they are waiting on does not happen? thanks in advance.

[don777] 24/10/2011 11:39

it's a lasy broker report.

[rizzzla] 22/10/2011 04:48

RESERVES REPORT
NPV10 of 2P Reserves significantly ahead of current market cap

EVO TAKE – The latest Ryder Scott Reserves assessment for Petrolatina
has seen a slight reduction in 2P reserves to 5.9mmboe however,
importantly it attributed a NPV10 value for these of some $139m (£84m)
based upon an average oil price $79/bbl. This is well above the current
market cap.

DETAILS – Petrolatina says that the report has also highlighted a number
of prospective resources amounting 8.72mmboe on a net unrisked basis.
These are located in the Santa Lucia field and in various formations of the
La Paloma Block (in which Petrolatina has an 85% interest). We expect
Petrolatina to pursue these opportunities as the year progresses.
Furthermore, Petrolatina says that it intends to shoot new seismic over two
leads in the exciting Putumayo-4 block in July with a view to progressing
these leads to prospect status and making them drill ready within 18
months.

VALUATION AND RECOMMENDATION – We believe that Petrolatina
continues to trade well below its Core NAV of 62p/share and offers an
interesting entry route into the expanding Colombian E&P market


from the original note in may ^

Evolution Securities PetroLatina... 21/10/11 14:46
Reiterates
Buy 61p

[glitter2] 21/10/2011 18:42

On iii there is a report that Evolution Secs has a target of 61p (that would be nice!) but it would be interesting to see their reasoning and know if they comment on the Shell (ex?)-deal. Any subscribers able and willing to post a summary of what it says?

[don777] 21/10/2011 09:47

no reply yet.

[luminoso] 20/10/2011 19:07

Don

I think that the delisting is likely. I will hold to the bitter end now and see what happens! It will be an interesting experience, I'm sure. Any reply from Luc?

[rizzzla] 20/10/2011 15:46

that aint going to happen king , shell want the farm in as it next to there licence nothing more nothing less.. biding for pele would never be an option




and any draw down would i imagine be linked to EBITDA

im afraid your well off the mark bam on both counts