RE:Insider Trading = Good news! or at least a wee start...Finally a bit of insider buying... makes you wonder though, Jeff Boyce and Guistra are billionaires and their cronies PB at Cannacord 25 million shares etc. When the disappointment of drilling results for CPO 1 came out and the stock started its decline from .40 cents, what did Boyce say? ..."anything below .40 and it's back up" the truck. Well none of the biggies backed up anything.
This is pocket change to these guys to buy another 50 million shares each.
i don't doubt their friends and family who can still own 10's of millions of shares without being an insider and probably paid 1/10 of a cent per share are happy to keep selling from .40 to .25cents
(its all profit) and then BINGO okay NOW it's time to back up the truck.
ON the bright side.. I believe we are way ahead of schedule on LC2 as per Parex release which you all seem to have forgotten about on June 7th
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La Casona (Block El Eden, WI 60%): On May 30, 2013 the La Casona-2 well was spud and is currently drilling at approximately 11,150 feet. The target depth of the well is 16,500 feet approximately 700 meters northeast of La Casona-1 to further evaluate the Une, Gacheta and Mirador (untested in Las Casona-1) formations. The construction of the long-term test facility at La Casona-1 is ongoing and we expect that the La Casona-1 well will be placed on production towards the end of the third quarter of this year
cheers
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