STOCKCHASE

Likes this one a lot. Have $125 million in the bank and no debt. Will be drilling 22 wells this year. Have just got an Ecuador deal, which is a mild positive. Feels this could be one of the strongest docs he owns this year. If they got back to the $1.61-$1.80 range, he would be tempted to take some money off the table. Has a great year ahead of it.

2012-02-09

DON'T BUY

0.890

Eric Nuttall

Concerns are 92% comes from one well. They have to come up with 6000 barrels per day to offset the decline in the existing well.

2012-01-24

TOP PICK

0.780

Small growth company. One of the few that he owns that exited the year way above their guidance. Have a strong balance sheet – no debt. Drilling 22 wells this year. Gone from a standing start to strong production. Thinks they will take this higher. They are increasing production at a very good rate. Oil prices are strong. Thinks this could be a double or a triple and is a large position in his small cap fund. One knock is that they grew production so fast that their reserves don’t look that strong. They need a new reserve report done.

2012-01-04

STRONG BUY

0.650

Has come off a long way from the top. He has recently added to his holdings. Brought on a spectacular well in a whole new virgin reservoir with very high pressure. Are drilling more wells there. Thinks the stock could easily be back to $1.50 within 12 months. Has $125 million in the bank.

2011-11-10

PAST TOP PICK

0.660

(A Top Pick Oct 29/10. Down 62.77%.) Has sold most of his holdings. Right to develop heavy oil in Colombia and is not working.

2011-10-31

STRONG BUY

0.590

Just put out 2 positive press releases. Looking to be at 14,000 barrels a day production by the end of the year. Had some very good drilling results. Great growth prospects ahead. He has just added more to his position. Screaming bargain at this price.

2011-10-03

BUY

0.680

Allan Jacobs

Just announced reserves are up 60%-70%. Have about $.60 a share in cash. Supposed to cash flow about $.25 next year. Very cheap.

2011-09-27

BUY

0.940

Large oil resource in Colombia and production has been increasing significantly. Stock price has not tracked the price of oil. Thinks the stock got over own and expectations is priced into the stock. Reasonable entry point at this level.

2011-07-21

BUY

1.180

A junior oil in Colombia. Has taken a bit of a pounding. Wells are very good. Production has been increasing on the wells they been drilling. Drilled one dry hole in Guyana, which was not a company maker in any event. Will take a little time and people will have to be patient.

2011-05-16

Comment

1.260

Mason Granger

He took profits on his common shares but continues to own a convertible debenture. Big prospects with potentially high impact wells. Spending a lot on exploration activity and when it doesn’t pan out, the stock sells off.

2011-05-04

HOLD

1.170

Peter Hodson

Pretty good company but will be flat for a while. Had a dry well in Guyana, which disappointed investors. Had a great run and was an easy one for people to sell when they had made a lot of money on it. Good management.

2011-04-26

Comment

1.210

All of the Colombian producers have run into some infrastructure issues. From a fundamental perspective, this one has performed quite well. Was probably pretty fully valued at around $1.40-$1.50. Have executed very well growing their resources and their production. He prefers playing the services side, not necessarily the producers. (Consider Estrella Energy Services (EEN-X) instead.)

2011-04-21

DON'T BUY

1.230

A bit if fade going on with oil/gas stocks in general. In this case it is more serious. Have 3 absolutely splendid Pacific Rubiales (PRE-T) type heavy oil reserves so should be good later. Only 10% actively involved with a 3rd with Eca Petrol (?), the national petroleum company. In a kind of elephant high-risk well (one trick pony) in Guyana, which seems to be their main activity at the moment. Not a great Guyana fan because of a lack of infrastructure.

2011-04-18

BUY

1.320

Positive on this company. Small Colombian oil producer. Can get very volatile if someone wants to get off a position. On an 18-24 month view, he thinks the stock could perform very well. You need to be patient.

2011-04-13

Comment

1.320

Eric Nuttall

Finds the management to be a little too promotional than what he likes. Listed on the Colombian stock exchange, which has led to an inflated valuation. Risk NAV is about $1.30 and trading at $1.32 so trading at a premium. Also waiting for a key well out of Guyana. Watch for a 30-60 day flow rate, not a 1 or 2 day.

2011-04-13

PARTIAL BUY

1.460

Jeff Parent B. Eng. FCSI

Had been going sideways for a very long time and then broke out in 09 into a huge rally. Got to the $1.80 level and the pulled back in, presumably on consolidation. Wait for it break out before you get into it but you could take a small position ti see where it goes. Buy at around $1.85. Exit at $1.30.

2011-04-08

BUY

1.500

Colombian oil play that has been consolidating quite nicely since the fall. Recently did an equity offering and feels it is poised to go significantly higher. About to start drilling on their Guyana properties.

2011-03-31

WATCH

1.500

Peter Imhof

Did very well but has traded sideways over the last several months. Have a number of lots in Colombia and have been coming out with good drill results on the oil side. Production numbers have been ramping up as well. The big upside is that they will be drilling off of Guyana and there could be news in the next couple of months. Good management.

2011-03-28

BUY

1.520

Columbia. Likes it, it is fairly valued and there is some upside on it.

2011-03-17

DON'T BUY

1.560

Eric Nuttall

Market cap of about $760 million. He finds the overall valuation a challenge. Fully valued to him.

2011-02-09

BUY

1.520

Colombian oil play. Have a lot of blocks right next to Pacific Rubiales (PRE-T). Has done nothing but surprise on the upside over the last year and a half in terms of production and resource growth. Expect this will continue.

2011-01-31

BUY

1.540

Has exciting heavy oil assets. Speculating on it being a take-out candidate. It aught to be all right. The territory is hot so it aught to be higher. Substantial properties.

2011-01-07

Comment

1.560

Peter Imhof

Traded sideways last few months. Expected to exit the year at 7000 BOE but was 10,900 with 6,00 barrels of tariff oil where the margins are not that great and 4000 are net to them. Currently drilling very large wells in Guyana and expect to hear results in 60 days or so, which could move the stock dramatically.

2010-12-22

BUY

1.630

Laura Lau

Mainly Colombia but with some in Brazil. Own 10% of the Capella field in Colombia, which is one of the biggest oil field discoveries in the last 25 years. Good future.

2010-12-07

HOLD

1.650

Lesley Marks

Exceptional business plan and talented management. Fairly valued at this time and wouldn’t Buy more unless it got into the $1.40 level. 2011 will be a very exciting year, particularly on their Colombian prospects. (She has taken a little bit of profit.)

2010-11-24

BUY

1.630

Colombian play. Expects it to go higher because it has 4 very good heavy oil assets. Expect it will get taken out at some point.

2010-11-22

BUY

1.530

Has hit a number of very interesting targets in Colombia and production has been growing dramatically over the past year. There’s enough positive change and enough runway for future prospects that they will continue to be successful.

2010-11-15

TOP PICK

1.800

Hap (Robert) Sneddon FCSI

Colombian heavy oil. Has the same amount of tracts of land, resources in heavy oil as Pacific Rubiales (PRE-T).

2010-10-29

BUY

1.730

Mason Granger

He has done very well on it. A terrific run and he is now questioning whether he should be taking profits. So0me news is expected shortly which could be material to their stock price.

2010-10-22

WAIT

1.510

Rick Rule

On his watch list. Trading at a premium to what it is worth at present. Exploration results suggest it is something he might own it in the future.

2010-10-18

BUY

1.540

Dennis Da Silva

Emerging, intermediate South American player, primarily in Colombia. Good stock but prefers Gran Tierra (GTE-T) because of its larger base and exploration projects in Peru, Colombia and recently Brazil.

2010-10-14

Comment

1.310

Chart shows nice uptrend from early 09. Good support at around $1. If you bought this early, you might consider taking some off the table but if you are a long-term investor, there is no reason to Sell.

2010-09-20

Comment

1.340

Robert Lauzon

He owns the convertible debenture instead. Has been a great way to play Colombia. Colombia might be getting a little long in the tooth.

2010-09-13

TOP PICK

1.390

Mason Granger

Junior Colombian oil player. Excellent management. Impressive land spread with exposure to about 5 to 7 billion barrels of heavy oil in place. Also some exciting exploration prospects in Brazil and Guyana.

2010-08-31

TOP PICK

1.350

Expecting this company to do spectacularly well. Mostly in Colombia, Brazil and Guyana. Drilling some very strong wells and have $80 million to do this. Producing about 3000 barrels a day and expecting to exit at 7000. Good management.

2010-08-26

STRONG BUY

1.100

Small Colombian oil company that he thinks has the best prospect as a junior of becoming an intermediate. Drilling terrific wells and have a great land position. Good management.

2010-08-16

BUY

1.040

Quite likes it and it has a great chart. Columbia. Have a large inventory of exploration properties as well a some production properties. They have some momentum.

2010-07-27

BUY

0.790

Columbia has a lot of unexplored territory. There is a lot of low hanging fruit. Would buy more here.

2010-04-26

SPECULATIVE BUY

0.540

Jennifer Stevenson

Small producer, primary assets in Columbia. Stock was on a tear and then settled back. It is richly valued. It could be a fun stock to play.

2010-02-16

BUY on WEAKNESS

0.710