Recent RNS by Pan Andean Resources confirms it will be seeking to raise further funds via a share placing.

Will RAB - the often present investor in smaller resource exploration and extraction companies be pumping it's funds in?

If so expect a share price rally. Stock is badly undervalued - it says it is sitting on a gas reserve of almost 1 trillion cubic feet, which in npv terms could be worth as much as $145m - the company valuation is approximately 15m at todays price of 15p a share.

Worth watching at least .. current bid-offer spread is approx 8%. Expect this to narrow as stock liquidity improves on back of fund-raising and news flow. Could be the next JKX as following a similar strategy in the USA.

Proactive Investors One2One Forums

The directors of Pan Andean Resources (AIM: PRE), Caza Oil & Gas (AIM: CAZA) and Northern Petroleum (AIM: NOP)
will be presenting:

Tuesday the 7th April 2009

Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB


The presentations will start at 6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canape and wine reception.



Register FREE Here - http://www.proactiveinvestors.co.uk/register/event_details/47



If you have any problems registering or queries please email action@proactiveinvestors.com


Nearest tube stations are Green Park, 5 minutes walk, and Bond Street, 7 minutes walk.

David Horgan interview, click HERE

interesting statement today. could be very positive in near future