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Bullboard - Stock Discussion Forum Petrominerales Ltd PMGLF

Energy Oil & Gas E&P

GREY:PMGLF - Post Discussion

Petrominerales Ltd > LLANOS BASIN
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Post by iaminvestor on Nov 29, 2012 4:06pm

LLANOS BASIN

PMG has not been lucky as it has drilled some dry holes but things can change overnight.

Apco Oil and Gas (ticker: APAGF) has some good drilling results in Llanos Basin lately as this article from SeekingALpha notes ...however the author is negative about Argentina where APAGF also operates

https://seekingalpha.com/article/1004271-overlooked-oil-weighted-companies-of-the-canadian-oil-patch-part-2

Maybe PMG could acquire the assets of APAGF in Colombia.....They have oil and the acreage is small...so the price is cheap....
Comment by iaminvestor on Nov 29, 2012 4:13pm
My bad ! This is the article about Apco Oil and Gas and Llanos Basinhttps://seekingalpha.com/article/1033831-argentinean-energy-stocks-the-nationalization-fear-and-the-dead-cow-appeal My bad !
Comment by pokerbeeks on Nov 30, 2012 11:53am
That's good to see some success in the Llanos Basin.  Hopefully PMG can have some in the future.   As for purchasing anyone else, I'm with the management on this.  Why buy another company at a premium when you can buy your own shares when they are depressed?  I would be surprised and very dissapointed if they did an aquisition and would be looking for my sell key ...more  
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