Being in Columbia-What are the risks? First of all, it is important to note that many of the principles behind the company are from Pacific Rubiales, an oil and gas company with major assets in Columbia and other Latin American countries. There share price went from $2 to $34 in 2 years. These guys should know what it takes to develop assets in Columbia since they have already done it. There CEO has strong political connections:
Maria Consuelo Araujo(President, Chief Executive Officer)
Former Minister of Foreign Affairs of Colombia. Previously served as Minister of Culture from 2002 to 2006. Diplomat & Economist by trade with postgraduate studies in Colombia and the UK. Substantial business education and experience. Currently a Director of ISA, the largest electrical utility company in Latin America.
The area they are operating in has good road infrastructure which leads me to believe it is a well controlled area under government control. You can never 100% remove risk in a country like Columbia and there will probably always be share price discount however, I think we are in good shape here.
The latest investor presentation has good info on the last page:
Glorieux