Petrominerales Ltd PMGLF

A huge drop in SP

[chizled]

In the operational Update shows a lot of new potential oil on recent drilling . But goes on to say that Production in December was down a few Thousand Barrels a day . Due to natural declines and wells work overs .

Quote

We still have approximately 2,400 bopd of production off-line due to operational work-overs

I think this is just a buying oppritunity on a 10% drop ???

Your thoughts ???

[sillyguy1]

drop of 15%, i think most people dont agree with you........ got out at $21

[retiredcf]

Notwithstanding today's activity, the company recently bought back nearly $7 million worth of its shares so it obviously views itself as being priced considerably higher in the future. GLTA   Dec 5/11 Nov 10/11 Petrominerales Ltd. Direct Ownership Common Shares 38 - Redemption, retraction, cancellation, repurchase 16,800 $22.54

[bigbaded]

hi:   although this is encouraging, someone coming off of that large of a position suggests that they are in trouble or petrominerales gas another water well. got out even, but really surprized.   ed

[bigbaded]

correcion:   gas should read has   ed