Web Site : http://www.petrolatinaenergy.com


SUMMARY of PELE as of 24th Jan 2008, please see post 190 on page 10


Link to Page 10 of posts

I only buy the best shares and this is one the other is Matad.

had to go up in early!! lol

Mitzy.

Do you think anybody reads these boards and your posts and thinks
what a legend you are.

Perhaps it would be more productive writing your garbage on advfn ?

rdg - mitzy does no harm so no need to be vituperative

I am legend.

I dont see the logic of saying at 85p that a stock will be 200p within days then
a few days later at 63p then posting "i'm in"

What is the point of that then cynic ?

What is the point of your quite nasty posts on here ravey?
Maybe you would be better off watching daytime TV and ranting at that?

"quite nasty"

lol

Get a grip ffs :-))

I must say I expected more from a 40 year old ravey.

Not 40 yet son !

Come on, your posts are pointless, lets have some quality eh ?

Mid life crisis coming..?

from a well respected poster on the other bb dont think he will mind me posting here PELE's cap is around 50m at present with the current 88m shares in issue. It produces in around 1200-1500bopd. Although we'll need to see a more long-term production profile of the colon wells to judge the decline rates better. they've also around 6mmbbls of reserves although the new reserve report when its eventually released will clarify that. The reason that I entered PELE once again was the testing of the new Colon sand. Its approximately 3 times thicker pay to any other Colon well and this deeper channel could cover a similar area to the existing field and also elsewhere on this or neighbouring blocks. We need to see if these oil prone sands flow first though. The C-3st also has the typical colon pay sands at similar depth as the other producing wells. If the new sand flows well it will add potentially significant P2 to PELE as well as possible material production. The cap was only around 30m when I bought. Since discovering this new sand channel management and their largest shareholders and backers have added significantly to the tune of around $20m. So a decent portion of the current cap is still cash.

So depending on the outcome of the C-3ST PELE could be significantly under-valued with a cash pot and a production level in the region of 2500bopd-3000bopd with reserves to add from Q-1 and C-3ST. Or largely as they are with $20m cash, 6mmboe P2 and about 1000bopd. Also the reserves of the field are now thought to have a stratigraphic element after what they've encountered in C-3ST. I'm holding off adding until all the hot money has gotten bored and wandered off. Next key news will be the flow tests of C-3ST, will they be +ve or -VE that is the big question. With the run without news backing it and relentless buying it looked like a leak, not its turned quite sharp. A leak or traders panicing that is for you to decide. I'm keeping my eyes peeled on news. Bizarre trading swings are largely irrelevant to the future of the company, the results of C-3ST that's another matter entirely. I don't know why it rose, don't know specific reasons for the fall back (guess would be mix of profit taking and panicing in the short-termers). PELE aren't over-valued, many oilies are valued much higher and have found and produced nothing but lots of dirty water. After cash their production and reserves are valued at 35m. after this bb settles down to 3-4 posts a day again I'll likely add, in the mean time I'll wave good bye to those who buy and sell only on momentum. And if you canny beat the hot money, join the hot money and you'll end up with an increased holding at little or no extra cost. My reason for entering PELE hasn't changed.

No crisis for me, making plenty trading in and out of oil juniors.

rdg post 356 - i agree little point to it at all, but still no reason for your hissy fit

Superb performer today.

but certainly not over the last 5, and not even so hot over last 12 months ......

Well spotted cynic..

really difficult to see that one too - lol

Looks like the dream is over here for those who were dreaming....... ?

No doubt about it.. I'm a believer.