PDQ - Petrodorado Energy - WKN A1CWM4

[golden_times]

1. Options

http://s7.directupload.net/images/110413/ilosvm66.jpg


2. Warrants

"Pursuant to the private placement of units discussed in note 11 (b), the Corporation issued
214,285,000 common share purchase warrants. The warrants are exercisable immediately
at a price of CDN $0.35 per share until December 3, 2012."


3. Operationen (u.a. drilling, schedule)

 

[golden_times]

Der größte Teil der o/s. ist in festen Händen. Die share structure lässt zu wünschen übrig,
würde ich hier aber als zweitrangig betrachten.
Alleine 125Mio shares hält die private Firma gegenwärtig, mehr als 80Mio shares hält das Mngm + 30Mio Opt @0.49(!)
Der share Preis liegt auch gegenwärtig wieder auf dem PP-Niveau, ist von 0.60 CAD zurückgekommen.

Diesen Monat sollten sie ja bereits in Produktion gegangen sein, newsline sollte demnach ebenfalls schon bald auf Hochtouren laufen.

Die prognostizierte durchschn. Net Margin von 10 USD per bbl bei einem WTI-Preis von 50 USD sind bereits eine Hausnummer!
Bei einem Ölpreis über 70 USD kann hier umgehend eine neue cash cow entstehen..

On December 21, 2009, the Company closed the Acquisition of Petrodorado Ltd. The aggregate purchase
price was $25 million which was satisfied by the issuance to the shareholders of Petrodorado Ltd. of
approximately 125,000,000 common shares of the Company. The gross proceeds of $75 million raised in
connection with the Financing closed on December 3, 2009 and were released from escrow upon the
closing of the Acquisition on December 21, 2009.

Mir gefallen insbesondere die Leute, welche im Board und Mngm vertreten sind und
die JV-Partner. Hier kann man mE sehr gute Verbindungen erkennen, das Erfolgsteam
um BNK bereitet hier imho einen neuen Deal vor.

Ein Großteil der structure bilden die 215 Mio warrants, welche ausgelöst werden,
wenn sich der Aktienkurs 20 Tage über der 0.90 CAD-Marke hält.
Das wäre ja ein weiterer Punkt, hier seitens des Mngm die Story zu pushen.


Der große JV-Partner Pacific Rubiales (PRE) auf den Haupt-Projekten ist eine weitere Erfolgsstory.

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Bankers Petro

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Corporate profile

Petrodorado Energy Ltd. ("Petrodorado") is a public Canadian international oil exploration
company with oil operations in South America. To date, Petrodorado has been successful in
acquiring high quality exploration blocks with significant drilling upside in Colombia, Peru and
Paraguay. The mandate of Petrodorado is to utilize its operational expertise to grow through
exploration in each of its focus countries.

Petrodorado's senior management team and board of directors has over 150 years of combined
international oil and gas experience, with technical and direct operating experience and exploration
success in South America, including developing significant fields in excess of 100,000 boe/d.

In addition, Petrodorado has extensive connections and access to assets in South America, along
with strong strategic relationships with oil and gas service companies operating in the region.
The experience and relationships of its management team and board of directors has allowed
Petrodorado to assemble a significant and diverse group of oil and gas concessions in Colombia,
Peru and Paraguay.


Management

Krishna Vathyam - President, CEO and Director
* Over 25 years of international oil and gas experience with Schlumberger
* Experience includes management, operations, field developments, production enhancement and heavy oil
* Country Manager in Colombia and Venezuela (operations, financial, regulatory and security)
* Executive level peer network with Pacific Rubiales, Sincor, PDVSA, StatoilHydro, ONGC, Ecopetrol, Schlumberger, Baker Hughes, M-I Swaco and TransOcean

Daniel Belot - Chief Financial Officer
* 25 years of oil and gas finance experience
* Previous experience includes co-founder and Vice President Finance and Chief Financial Officer of Trafalgar Energy (TSX: C$100MM)
* Vice President Finance and Chief Financial Officer of Baytex Energy Trust (TSX: C$2,800MM) and Manager Investor Relations of Pengrowth Energy Trust (TSX/NYSE: C$3,000MM)

Max Rolla - Vice President Exploration
* 23 years of oil and gas experience with Maraven (PDVSA), Amoco, ConocoPhillips and StatoilHydro
* Masters Degree in Geophysical Engineering from Colorado School of Mines in 1995
* Executive level peer network with Pacific Rubiales, BPZ and StatoilHydro

Arturo Lara - Chief Geoscientist
* 30 years of oil and gas experience in South America with Maraven, Total and Gazprom
* Masters in geology from IFP (French Institute of Petroleum)
* Expertise in exploration geology play and location identification
* Executive level peer network with Pacific Rubiales, Gazprom, Total, PDVSA and Maraven

V.C. Mohan - Consulting Chief Geophysicist
* 50 years of oil and gas experience with ONGC
* Founder of ONGC's geophysical processing centre, discovered KG Basin (India) and initiated ONGC Videsh
* Executive level peer network with ONGC and OVL


Board of directors

Robert Cross
* Co-founder and Chairman of Bankers Petroleum and Director of BNK Petroleum
* Previously Chairman of Northern Orion Resources and co-founder and Chairman of B2Gold Corp
* Has created value for shareholders of Northern Orion (CAGR 153%), Bankers (CAGR 63%) and EAGC Ventures (CAGR 947%)

Doug Urch
* Chief Financial Officer of Bankers Petroleum
* Over 25 years of oil and gas experience and previously the Chief Financial Officer of Rally Energy

Gregg Vernon
* 30 years of oil and gas experience with 20 years of experience with Schlumberger
* Co-founder of Petro Andina Resources and founder and Chairman of Prospero Hydrocarbons, a public oil company recently acquired by Alange Energy in September 2009

Young Bae Ku
* Founder and CEO of Gmarket, a NASDAQ listed company, which was recently acquired by Ebay (US$1.2bn)
* 10 years of experience working for Schlumberger

PDQ

Institutionals, Juni 2010:

http://img375.imageshack.us/img375/2576/pdqbigpositions.jpg

 

[golden_times]

Bei Petrodorado läuft einiges hinter den Kulissen ab..


..to: All Canadian Securities Regulatory Authorities
Subject: PETRODORADO ENERGY LTD
Dear Sirs:
We advise of the following with respect to the upcoming Meeting of Security Holders
for the subject Issuer:
Meeting Type : General and Special Meeting
Record Date for Notice of Meeting : 10/05/2010
Record Date for Voting (if applicable) : 10/05/2010
Beneficial Ownership Determination Date: 10/05/2010
Meeting Date : 10/06/2010
Meeting Location (if available) : Calgary
Voting Security Details:
Description CUSIP Number ISIN
COMMON 71646V102 CA71646V1022..

..


..Petrodorado Energy Ltd. (“Petrodorado”) hereby gives notice pursuant to Part 4 of National Instrument
51-102 – Continuous Disclosure Obligations (“NI 51-102”) as set forth below.

1. Manning Elliott LLP has resigned effective April 4, 2010 as auditor of Petrodorado at the request
of Petrodorado.
2. The board of directors of Petrodorado, upon the recommendation of the audit committee, has
approved the resignation of Manning Elliott LLP and the appointment of KPMG LLP as auditor
of Petrodorado to hold office until the next annual meeting of shareholders of Petrodorado.
3. There have been no audit reports prepared by Manning Elliott LLP on Petrodorado’s financial
statements that contain any reservation.
4. In the opinion of Petrodorado, as at the date hereof, there have been no reportable events (as
defined in NI 51-102)..

..


..PETROLEUM AND NATURAL GAS PROPERTIES
Colombia

Moriche Block
In January 2010, Petrodorado signed a definitive agreement with Pacific Rubiales Energy Corp. (“PRE”)
for an undivided 49.5% working interest in the Mauritia East Prospect in the Moriche Block. The
Moriche Block consists of approximately 6,229 hectares (approximately 15,392 acres) and is located
Llanos basin of Colombia. In exchange for this working interest, Petrodorado committed to fund 100% of
the total investment for the current exploratory phase for the block, equal to US$5.53 million.
In February 2010, Petrodorado and PRE successfully completed a discovery well ME-1 as a Mirador
producer on the Moriche block. The ME-1 well tested at a peak rate of 693 bopd of 14 degree API oil
and is expected to be tied in and on production in May 2010. The drilling of additional production wells
in the same structure is being planned by the Company and PRE utilizing data from the ME-1 discovery
well. These additional wells are expected to be drilled during the second quarter of 2010.

Buganviles Block
Petrodorado has a 49.5% working interest in the Buganviles Block located in the upper Magdalena basin
of Colombia obtained through two separate transactions. The Buganviles Block consists of approximately
22,128 hectares (approximately 54,679 acres) and is located in the upper Magdalena basin of Colombia.
In February 2010, Petrodorado obtained a 20% undivided working interest in the Buganviles Block
through the purchase of all of the issued and outstanding shares of Holywell.
In addition, in November 2009, Petrodorado announced it was the successful bidder with PRE (operator)
to farm-in on the Buganviles Block to earn a 29.5% working interest. In exchange for this working
interest Petrodorado will fund a total investment of US$2.27 million which will be spent on the drilling of
one new exploratory well.
Final well locations are presently being defined in conjunction with the operator, PRE. The first
exploration well is expected to commence drilling in June 2010.

La Maye Block
Petrodorado has an undivided 20% working interest in an exploration and production contract with the
Agencia Nacional de Hidrocarburos (“ANH”) in the La Maye Block and an undivided 20% interest in
four turn-key test wells and associated tie-in equipment. The La Maye Block is located in the Lower
Magdalena Valley of Colombia and consists of approximately 5,992 hectares (approximately 14,800
acres)
Petrodorado (in conjunction with the operator) drilled the Noelia-1 oil well on the La Maye Block in
October of 2009. A second exploration well is expected to commence drilling in June of 2010. The first
exploration well will be tested in conjunction with the testing of the second well.
Petrodorado paid US$3.5 million into an escrow account to satisfy its commitment to the participation
agreement. Petrodorado authorizes draws from this account as certain development milestones are met.
As at December 31, 2009, US$1,700,000 had been drawn from this account leaving US$1,800,000
(C$1,889,336) in the escrow account. Sufficient funds remain in the account to complete the remaining
three wells in the project.

Talora Block
Petrodorado is party to a participation agreement with a private Colombia based company to earn a 55%
interest in the Talora block located in the Upper Magdalena basin of Colombia. The Talora block consists
of 65,972 hectares (approximately 163,000 acres) southwest of Bogota.
The Company acquired 122km of 2D seismic data in March 2010 and seismic processing and
interpretation are underway. An exploration well targeting 25 to 35 degree API oil is planned for
September 2010.

Tacacho Block
In January 2010, Petrodorado acquired a 49.5% working interest in the Tacacho Block located in the
Putumayo Basin of Colombia. The Tacacho block measures approximately 599,000 hectares
(approximately 1,617,300 acres) and is located in the foreland basin of the Putumayo mountain range, in
the Eastern Cordillera of Colombia. PRE has a 50.5% working interest in the block. The 24 month-long
exploration program includes the acquisition, processing and interpretation of 480 kilometres of 2D
seismic data. Initial environment assessments are underway for the seismic program.


Peru

In February 2010, Petrodorado signed a definitive agreement with PRE to farm-in on two exploration
blocks in Peru. The working interests in Blocks 135 and 138 are subject to Peruvian government and/or
regulatory approvals.

Block 135
Petrodorado has acquired a 45% working interest in Block 135 located in the Maranon Basin of Peru with
a gross area of approximately 926,000 hectares (approximately 2.5 million acres). In exchange for this
working interest, Petrodorado will fund 45% of the total investment for the second exploratory phase for
the block. PRE will retain a 55% working interest in the block.
8

Block 138
Petrodorado has acquired a 45% working interest in Block 138 located in the Ucayali Basin of Peru with a
gross area of approximately 370,000 hectares (approximately 1.0 million acres). In exchange for this
working interest, Petrodorado will fund 45% of the total investment for the second exploratory phase for
the block. PRE will retain a 55% working interest in the block.


Paraguay

Pirity Block
Through a non-binding letter of intent with a private US based company dated September 23, 2009,
Petrodorado has the opportunity to negotiate definitive agreements granting Petrodorado up to an
undivided 60% working interest in a concession contract with the Government of the Republic of
Paraguay in the Pirity Block. The Pirity Block consists of approximately 485,623 hectares (approximately
1,200,000 acres) and is located in the Western Region of Paraguay.
The Pirity contract grants the parties thereto the right to explore for petroleum and natural gas on the
Pirity Block. Petrodorado has not engaged in any exploration activity on the Pirity Block and has not
incurred any costs to date on exploration or development on the Pirity Block..

 

[golden_times]

PDQ

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=pdq

Zeitnahes reporting? Das erklärt für mich zumindest den knappen range vor dem
Ausbruch im Oktober. Mr. Ku hat hier gezielt den Bid bedient und einen vorherigen
breakout verhindert. Er hat im September 4 Mio shares im open market verkauft,
die Gründe sind mal dahin gestellt - imho aber sicher nicht positiv, wenn einer der
großen Instis der Story unter seinen EK-Preisen hier schmeißt. Imho aufgrund der
signifikanten Posi evtl. ein strategischer Schritt, er hält noch mehr als 32 Mio Aktien.
Dass diese Insiderverkäufe verspätet released wurden ist das eine - wieso diese
Verkäufe aber nicht bei TMX (daily insider) publiziert wurden, ist mehr als fraglich.

Petrodorado bleibt imho ein long term growth & management play. Von den reinen
Zahlen und Fakten her sind die meisten kolumbischen Öl-Werte zum Teil erheblich
überbewertet. Schau dir nur mal den Vergleich zwischen dem Topgainer CNE und
CZE an! PDQ kommt derweil auf eine MCap von 320 Mio USD - sollten sie in den ersten
Bohrungen von Herbst 2010 nichts relevantes treffen, wird sie schnell wieder auf das
alte Niveau zurück kommen. Die Trefferquote hat sich lt. Management um 4% auf
32% verbessert.


Das coverage von Raymond James und Canacord nimmt Fahrt auf, beide haben letzte
Woche das erste öffentliche Update gegeben. Von keiner kleineren Bedeutung in der
Szene ist aber das coverage von TD, dessen erstes Ziel (0.55) wurde fast erreicht.
Diese renommierten Häuser sind in ihrer Marktmacht aber voll ernst zu nehmen -
ein Segen in der Hausse und ein Fluch in der Krise. Hier werden jetzt natürlich viele
Lemminge rein getrieben. Bei diesem float aber nicht weiter schlimm - imho sind jedoch
weniger als 80 Mio shares im freefloat.

Demnach wurden in den letzten 2 Wochen mehr als 20% free floats gehandelt - die
kanadischen Vorzeige-Häuser bringen hier das maßgebliche Volumen! Die Jungs von RJ
sind von Anfang an dabei und haben das PP am Markt plaziert.


BRIEF-RESEARCH ALERT-Raymond James starts Petrodorado Energy
with outperform

Oct 29 (Reuters) - Petrodorado Energy Ltd:

* Raymond James Starts Petrodorado Energy with outperform rating
and C$1 target price


- Canncord -

Petrodorado Energy Ltd. (PDQ : TSX-V): Loon acquisition replaced with
farm-in; maintain SPECULATIVE BUY rating, and C
.65 target


Petrodorado Energy Ltd.
PDQ : TSX-V : C
.48 | C$189.7M | Speculative Buy, C
.65
Loon acquisition replaced with farm-in; maintain SPECULATIVE BUY rating, and C
.65 target

Investment recommendation

We reiterate our SPECULATIVE BUY rating and C
.65 target price as the company ramps up exploration activities including drilling across its Moriche,
Buganviles, La Maye and Talora blocks in Colombia in Q4/10, and its CPO-5 and Pirity blocks in
Colombia and Paraguay in H1/11.

Investment highlights

· The proposed acquisition of Loon Energy (LNE : TSX-V : C
.05 | Not rated) by Petrodorado announced on July 19, 2010 will not proceed.

· Farm-in announced – Petrodorado will fund Loon’s cost of two Buganviles Block wells in exchange
for a 10%-15% interest in the block. Post the announcement of both transactions, Petrodorado’s
interest decreases by 5%-10% relative to previous expectations.

· Buganviles drilling update: the Visure-1X well spud on October 16 and has reached a depth of
1,500 feet to date. The company expects to spud the Tuqueque-1X well near-term.


Valuation

Our C
.65 target price is based on our estimated cash position of C$55 million, the value of 215 million
warrants (C$75 million) plus our estimate of the risked exploration upside from the company's
properties.

Risks

Petrodorado is exposed to exploration risk as well as financing risk. Production growth from modest
levels is completely dependent upon exploration success, while poor share price performance would
result in US$75 million of warrants (C.35 exercise price) not being exercised.

 

[golden_times]

Sehr starke news, die well hat auf allen 3 Ebenen getroffen und wird
vermutlich schon in einigen Wochen zum operativen Cashflow beitragen.

Die nächsten Tage heißt es imho sell the facts, nachdem die Gerüchte
durch FrontRunning aggressiv gekauft wurden.

Rückkauf unter .50 bis zur nächsten news evtl. möglich

PETRODORADO ANNOUNCES EXPLORATORY SUCCESS IN ITS
VISURE-1X WELL, BUGANVILES BLOCK

November 4th, 2010 – Calgary, Alberta: Petrodorado Energy Ltd. ("Petrodorado" or the
"Company") (TSXV-PDQ) announces a new exploratory success at its Visure-1X well, located in
the Buganviles Block, Upper Magdalena Valley Basin, Colombia.
The Visure-1X well, located in the Visure prospect, to the southeastern border of the Buganviles
Block, was drilled to evaluate a structural trap, similar to the nearby producing Abanico field, to
the northeast. The well had three main exploratory targets: the Upper, Lower Cretaceous
Guadalupe Formation and the Tertiary Barzalosa Formation. The well was drilled slightly
deviated at an angle of 9 degrees and found the top of the Barzalosa Formation at 2,206 feet MD
(1,040 feet TVDSS), the Upper Guadalupe at 2,995 feet MD (1,825 feet TVDSS), the Lower
Guadalupe at 3,079 feet MD (1,908 feet TVDSS), and the top of Villeta Formation at 3,272 feet
MD (2,099 feet TVDSS).

PDQ läuft exzellent, imho haben sie auf Buganviles getroffen.

review: well target @ S.26 in der aktuellen Präsentation:
http://petrodorado.com/corporate/Petrodorado_Oct10.pdf

Nächstes Ziel 0.65 CAD, darüber ist open sky..

 

[golden_times]

PETRODORADO ANNOUNCES EXPLORATORY SUCCESS IN ITS
VERDAL-1 WELL IN THE TALORA BLOCK

November 29, 2010 – Calgary, Alberta: Petrodorado Energy Ltd. ("Petrodorado" or the"Company")
(TSXV-PDQ) announces a new exploratory success at its Verdal 1 well, located inthe Talora Block,
Upper Magdalena Valley Basin, Colombia.

http://www.petrodorado.com/news/2010-11-29.pdf

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[NewAccount]

 

[greenhorn]

Drift Lake Resources Announces Agreement With Petrodorado to Acquire 30% Interest in the 108,336 Acre Talora Block Located in the Prolific Magdalena Basins, Colombia

http://www.stockhouse.com/News/CanadianReleasesDetail.aspx?n=8278619

Petrodorado Energy Ltd PDQ 8/17/2011 8:00:09 AMTORONTO, ONTARIO, Aug 17, 2011 (Marketwire via COMTEX News Network) --
Drift Lake Resources Inc. (TSX VENTURE:DLA) ("Drift Lake" or the "Company") announces today that Sintana Energy Inc. ('Sintana"), the Company's S.A. Operations Office located in Bogata and existing under the laws of Colombia, has entered into an agreement with Petrodorado Energy Ltd. (TSX VENTURE:PDQ) ("Petrodorado") to farm-in for an undivided 30% interest in the 108,336 acre Talora Block located in Colombia's oil prolific Magdalena Basin. The Talora Block, which is operated by Petrodorado, is immediately adjacent to the region's main oil and gas pipelines and only 60 kilometers west of the capital city of Bogota.

 

[Moritz]

Petrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter Of 2011
http://www.usetdas.com/TDAS/NewsArticle.aspx?NewsID=18160

 

[Moritz]

Sept. 9, 2011, 4:05 p.m. EDT
Petrodorado Appoints Interim Chief Financial Officer

Calgary, Alberta CANADA, Sep 09, 2011 (Filing Services Canada via COMTEX) -- Petrodorado Energy Ltd. (PDQ - TSX Venture)("Petrodorado" or the "Company")

Effective immediately Krishna Vathyam has been appointed interim Chief Financial Officer ("CFO") of the Company.

Mr. Sean Bovingdon, the previous CFO, has been appointed as the CFO of the newly formed Argent Energy Trust, but will continue with Petrodorado in a consulting role.

In addition, Petrodorado has appointed Chris Reid, a Chartered Accountant, as the Controller for the Company. Chris, along with support from the established Colombian financial group, and guidance from Sean, will provide financial leadership for Krishna and the Board.

 

[NewAccount]

Petrodorado Energy Ltd. - Webcast from Peters & Co. 2011 North American Oil & Gas Conference - September 15, 2011

CALGARY, Sept. 14, 2011 /CNW/ - Notification of Peters & Co. 2011 North American Oil & Gas Conference event webcast:

Petrodorado Energy Ltd.
Peters & Co. 2011 North American Oil & Gas Conference Webcast
September 15, 2011, 11:00 AM ET

To listen to this event, please enter http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3654420 in your web browser.

For a complete program of the September 15th Conference webcasts please visit http://www.newswire.ca/webcast/pages/peters20110915/ or CNW's webcast events calendar at http://www.newswire.ca/en/webcast/index.cgi.

 

[golden_times]

V.PDQ - Update - CEO Response


When can we reckon with news from your (ongoing) operations?

when we have spud the wells in Talora and CPO5. Both these blocks are awaiting permits.


Where do you plan to place the 2 drill wells at your CPO 5 block?

our plan is to start with 2 rigs and drill 5 wells, 2 in the northwest and 3 in the southern part of the
block. which starts first depends on the exact logistics as they will be a week or two from each other.

3. Which are your first steps concerning the start of operations at your large land package in Paraguay?

drilling is planned for april 2012 for 2 wells back to back

 

[metahase]

Petrodorado Files Financial Results and Management Discussion & Analysis for the Third Quarter of 2011

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Calgary, Alberta CANADA, November 28, 2011 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), has filed its Interim Financial Results and Management Discussion & Analysis for the three and nine months ended September 30, 2011.

Financial Statements

Highlights include:

- Generated oil and gas revenues of $1.0 million, which was the result of the sale of 10,440 bbls at an average price of $112 per barrel of oil.

- Received $5.2 million in bonus payment as of Sept 30th, 2011, as per the Farm-out agreement for 30% working interest in the Talora block. Details of the farm-out include 1) a $5.2 million bonus payment ; 2) farmee paying 60% of first well costs up to a maximum of $6.5 million for the well, or $3.9 million, with the costs after the maximum to be paid at 30%; 3) farmee paying 45% of the second well costs up to a maximum of $6.5 million for the well, or $2.925 million, with costs after the maximum to be paid at 30%. The first well, Dorado Prospect, is estimated to cost $6.5 million.

- Reached an agreement with the operator of ME-1 well providing for the recovery of approximately $1.2 million of operating costs related to prior periods' production.

-***-
-------------------------------------------------------------------------
$ (U.S. dollars) Period ended Period ended
September 30, 2011 September 30, 2010
-------------------------------------------------------------------------
Working Capital 36,844,219 37,844,653
Exploration and Evaluation Assets 54,558,672 16,562,665
Property, Plant & Equipment 11,237,230 8,553,480
Total Assets 119,385,586 79,044,526
Funds used in Operations (nine months) (1,311,318) (1,511,573)
Funds from (used in) Operations 240,024 (624,025)
(three months)
Net income (loss) (nine months) (5,290,618) (6,302,908)
Net income (loss) (three months) 2,820,055 (3,009,635)
Net income (loss) per share, (0.01) (0.02)
basic and diluted (nine months)
Net income (loss) per share, 0.01 (0.01)
basic and diluted (three months)
-------------------------------------------------------------------------
-****-

All amounts expressed above are in US dollars.

Complete reports and statements are available on SEDAR at www.sedar.com and on the Company website www.petrodorado.com.

 

[Kostolanys Erbe]

Petrodorado grants options to buy seven million shares

2011-11-30 16:17 ET - News Release


This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
Mr. Krishna Vathyam reports

PETRODORADO GRANTS STOCK OPTIONS

Petrodorado Energy Ltd. has authorized the issuance of seven million stock options with a strike price of 25 cents to its officers.

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPDQ-1907251&symbol=PDQ&region=C

 

[NewAccount]

AN INTERVIEW WITH KRISHNA VATHYAM
PRESIDENT AND CEO WITH PETRODORADO ENERGY – PDQ

(As of January 26, 2012)

Canaccord’s Fred Kozak has had more than a little luck lately with some of his ideas and one that we are very thankful of was his suggestion that the significance of the Argentina shale plays would attract much attention and he has certainly been right about that. Thanks for the idea on Madalena Ventures (MVN)! He continues to suggest watching the area as if Madalena has success it will help companies such as Crown Point Ventures (CWV) dramatically.

But back to Colombia where Kozak hosted the South American Oil and Gas conference in Bogota just last week and 22 companies from around South America participated. One of those was a junior that Kozak has hopes for called Petrodorado Energy (PDQ.V). We caught up with President Krishna Vathyam, for a bit of an update.

David Pescod: I guess the big question for you Krishna is the permitting process in Colombia. More than a few people suggest that the bureaucracy in Colombia is not the most efficient. Any thoughts on that at this time?

Krishna Vathyam: The clock in Colombia runs a very different speed than Alberta. We see structural and procedural issues with the environmental permitting process. Since this problem is faced by all companies in Colombia – we have to learn to live with it.

David Pescod: How many of your plays in Colombia are waiting on this permitting process and of course with a play just downstream from Petrominerales’ 10,000 barrel a day well, that’s one play that is going to be attracting attention if and when that permit is obtained.

Krishna Vathyam: at present we are awaiting permits for 3 blocks to start drilling. We are expecting these permits shortly and once we get them it will take us around 4 weeks to spud. An important point to note here is that PMG is drilling a second well Yatay-2 targeting the secondary target from the 10,000 bopd well Yatay-1. As per the guidance from PMG the test results from this well are expected end Jan, so we are eagerly awaiting these results.

David Pescod: We look at a chart on PetroNova (PNA) and notice that as soon as they got their big play okayed, people do pay attention. Is this something we should be hoping for down the road?

Krishna Vathyam: We at PDQ have a lot of big plays in our portfolio so we expect the market to really take interest in us once we get our permits. The smarter money will buy before that!

David Pescod: You have a long list of high profile plays over South America from Paraguay to Peru to Colombia. What kind of realistic time frames do you expect now for spudding these various plays? And we note some suggest Paraguay might be a long way away?

Krishna Vathyam: We expect 2012 to be a significant year for us, as most of our plays are going to be drilled. As for Paraguay – we will know by mid Feb if we drill in 2012 or 2013. All technical work has been completed and well locations have been finalized. It is quite frustrating that this big play is held up for some above ground issue. We expect to drill 12 exploration wells this year, let us say due to the standard bureaucratic delays we only achieve to drill 7-8 exploration wells – even this is a large number of catalysts for this year – hence we expect 2012 to be significant year for us.

David Pescod: I guess for any speculator the idea is what kind of an upside does some of these plays offer? As far as the top four or five plays that are going to attract attention, just how big a story could they be?

Krishna Vathyam: The way we built our portfolio, we have what we call company maker blocks (5 of them). If successful each one of these 5 blocks have a potential of over 100 mmbo recoverable net to PDQ, and giving a valuation of $10 per barrel it leads to each of the 5 potential blocks to be worth $1bn! So the upside is very significant.

David Pescod: In working in the countries – Colombia, Peru and Paraguay, are there things about working in the countries that one should worry about or be hopeful about? Particularly since Paraguay isn’t that well known in the oil and gas business…

Krishna Vathyam: First the really good part: all these countries are investor friendly i.e. no issues of taking funds out of the country and also their license rules are very similar to Alberta. The areas to worry about are as you have noted the bureaucracy taking much longer to issue permits – which leads to delays of months to a year or two – which in turn upsets the investors.

David Pescod: We note that there’s lots of different expectations for oil prices over the next year, anywhere between $80 on the low side, to $120 on the high side. What kind of numbers are you expecting and what should we know about oil pricing in Colombia, Paraguay and Peru?

Krishna Vathyam: Here we are in a lucky position as we can evaluate our commerciality (when we have exploration success) at both these extremes and make decisions accordingly. We think for our “company maker” blocks a WTI of $80 will be sufficient to have commerciality. We expect Colombia to track the Brent more than WTI as it did in 2011. Peru again should track the Brent since its main export market is Asia. Paraguay at its early stage will track the WTI.

David Pescod: If you had to suggest a stock to be following other than your own, what would it be?

Krishna Vathyam: We have gone thru this before, I still recommend PRE and had previously suggested PNA – before its significant run-up (when we talked it was trading in 40’s now it is in the 90’s), so if you had followed my lead when we last talked; you would have doubled your money. (DP: Actually, we did listen to Krishna and pick up a few PetroNova just in case he knew what he was doing...and now that we’ve seen his stock picking abilities or luck, next time he is screaming about something, we will feature it).

David Pescod: Thank you very much Mr. Vathyam!

 

[turboduck]

Calgary, Alberta CANADA, Jan 31, 2012 (Filing Services Canada via COMTEX) -- Petrodorado Energy Ltd. (PDQ - TSX Venture)("Petrodorado" or the "Company")

Effective immediately Chris Reid has been appointed Vice-President, Finance and Chief Financial Officer ("CFO") of the Company.

Chris has been Petrodorado's controller from July 2011 and has been leading the effort to implement an ERP system.

Chris, a Chartered Accountant, spent 6 years with KPMG before joining Petrodorado in 2011. Chris received a Bachelor of Business Administration from Saint Francis Xavier University.

Chris Reid, CFO:

"I am excited by the opportunity with Petrodorado, I look forward to helping Petrodorado with its promising exploration program."

Krishna Vathyam, President and CEO of Petrodorado Energy Ltd:

"We are excited to welcome Chris to our executive team, we are in a good position regarding our reporting structure and administrative controls. This promotion will provide our management team with additional time to concentrate on the upcoming exploration program. We are now in a good position to manage our upcoming drilling program and capitalize on the opportunities we have in Colombia, Peru and Paraguay."

Petrodorado Energy Ltd. has authorized the issuance of 750,000 stock options, with a strike price of 25 cents, to its officers.

About Petrodorado Energy Ltd.

Petrodorado is primarily engaged in petroleum and natural gas exploration and development activities in Colombia, Peru and Paraguay. Its head office is located in Calgary, Alberta, Canada and Petrodorado's common shares are traded on the TSXV under the trading symbol "PDQ".

For further information, please contact:

Krishna Vathyam, President and CEO

(403) 930 7544

Chris Reid, V.P. of Finance and CFO

(403) 930 7508

Email: info@petrodorado.com

Website: www.petrodorado.com

 

[turboduck]

Neue Präsi April 2012:

http://www.petrodorado.com/corporate/Petrodorado_Apr12.pdf

 

[Rooky]

Petrodorado Files 2011 Financial Results, Reserve Report, Annual Information Form and Management Discussion & Analysis and Provides Operations Update

Financial Statements

Highlights include:

- Generated oil and gas revenues of $3.7 million, which was the result of the sale of 35,187 bbls at an average price of $112 per barrel of oil.
- Working capital of $35.8 million, plus $13.4 million in restricted cash for a total of $49.2 million to be used in exploration activities and general operations.

-***-
----------------------------------------------------------------------
$ (U.S. dollars) Year ended Period ended
December 31, 2011 December 31, 2010
----------------------------------------------------------------------
Working Capital 35,835,451 20,809,468
Property Plant & Equipment 63,823,002 51,831,072
Total Assets 117,484,383 85,637,600
Total Revenue 4,164,541 1,397,079
Funds used in Operations (1,732,782) (2,790,839)
Net Loss and Comprehensive Loss 11,982,250 7,558,345
Net Loss Per Share,
basic and diluted 0.02 0.03
----------------------------------------------------------------------
-****-


Reserve Report

The Company is pleased to provide the results of its December 31, 2011 independent reserves evaluation. Evaluations were conducted by Petrotech Engineering Ltd. for the Visure-1X well and a report was prepared in accordance with National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities.


Summary of Reserves:

-***-
-------------------------------------------------------------------------
Heavy Oil NPV of Future Net Revenue (@10%)
Reserve Category Gross(Mbbl) Net(Mbbl) Before and After Tax (M$)(1)
-------------------------------------------------------------------------
Proved Non-Prod. 75 69 3,719
Proved Undeveloped 149 137 5,470
-------------------------------------------------------------------------
Total Proved 224 206 9,189
Total Probable 307 282 8,618
-------------------------------------------------------------------------
Proved + Probable 531 488 17,807
-------------------------------------------------------------------------
-****-

1) The Company has a total tax pool of approx. $39 million available in oil and gas assets to reduce potential income tax of the Visure-1X well of the Buganviles Block, resulting in no expected income tax payable at this time.

All amounts expressed above are in US dollars.

Operations Update

- Presently waiting on Environmental licenses from the Colombian Ministry of Environment on Talora, Tacacho and CPO 5 to commence a 6 well exploration program. The Ministry has publicly accepted that they have taken extraordinarily long to process these permits, and has been the case for all exploration projects in Colombia. We are expecting these permits shortly.
- A strong balance sheet, fully funds our exploration program for 2012 (US$17Million) and leaves additional capital (over US$30Million) for development of discoveries or to pursue new opportunities.
- Full details on drilling plans and Capex are available in the company's presentation posted on its website

 

[NewAccount]

Petrodorado Warrants to Commence Trading

Calgary, Alberta CANADA, May 11, 2012 /FSC/ - Petrodorado Energy Ltd. (PDQ - TSX Venture), ("Petrodorado" or the "Company") (TSXV-PDQ) is pleased to announce that the common share purchase warrants issued pursuant to the Company's December 2009 equity financing (the "Warrants") will commence trading on the facilities of the TSX Venture Exchange under the ticker symbol "PDQ.WT" at the opening of trading on Friday, May 11, 2012. The Warrants are exercisable into common shares in the capital of the Corporation at an exercise price of $0.35 per common share and expire on December 3, 2012. In connection with the listing of the Warrants, the Company entered into a supplemental indenture to amend the warrant indenture dated December 3, 2009 between the Company and Computershare Trust Company of Canada, as warrant agent, to remove the accelerated expiry provisions relating to the Warrants. A copy of the supplemental indenture can be found under the Company's profile on SEDAR at www.sedar.com.

 

[turboduck]

2012-05-25 18:28 ET - News Release

Mr. Krishna Vathyam reports

PETRODORADO FILES FINANCIAL RESULTS, MANAGEMENT DISCUSSION & ANALYSIS

Petrodorado Energy Ltd. has filed its interim financial results and management's discussion and analysis.

Financial statements

Highlights include:

Working capital of $34.4-million, plus $13.6-million in restricted cash, for a total of $48-million to be used in exploration activities and general operations.

FINANCIAL HIGHLIGHTS
(in U.S. dollars)

Period ended Period ended
March 31, 2012 March 31, 2011

Total revenue $208,370 $24,204
Funds used in operations (589,866) (796,633)
Net loss and comprehensive loss 543,008 3,318,978
Net loss per share, basic and diluted 0.01 0.01

Correction to previously filed oil and gas annual disclosure

Further to its oil and gas annual disclosure filing (Form 51-101 F1), Item 4.1 (reserves reconciliation), issued on April 19, 2012, Petrodorado announces a non-material correction. The total numbers remain the same, but the revised table has corrected numbers for economic factors under the categories proved and proved plus probable (258.1) and in production for the categories proved and proved plus probable (30.4).

Complete reports and statements are available on SEDAR and on the company website.

 

[turboduck]

PETRODORADO DIVESTS PERU BLOCK 135 AND 138, ANNOUNCES
SPUD DATE ON TALORA BLOCK, ADOPTS SHAREHOLDER RIGHTS
PLAN AND RE-PRICES STOCK OPTIONS

http://www.petrodorado.com/news/2012-07-12.pdf

 

[turboduck]

PDQ Präsentation AUG 2012:

http://www.petrodorado.com/corporate/Petrodorado_Aug12.pdf

 

[turboduck]

PDQ.V

August 8, 2012 – Calgary, Alberta: Petrodorado Energy Ltd. ("Petrodorado" or the "Company")(TSXV-PDQ) is pleased to announce the start of drilling operations on its Dorados-1X exploration well,EIA approval for CPO-5 has been received, and sets August 28th, 2012 for its Annual General Meeting.

Talora
The exploration well Dorados-1X started drilling operations on July 31 and is presently at a depth of 2,000 feet. This well has a planned total depth of 9,500 feet and is targeting the Caballos and Tetuan formations. As previously announced, the Company retains 65% operated working interest in the block while paying 35% of the well costs, and the farmee paying 60%, subject to a cap of US$6.5Million. Costs above the cap are paid proportionally by each partner based on their respective working interests.

CPO-5
The environmental license agency (ANLA) has approved the EIA – Environmental Impact Assessment - for the block. This approves 15 locations, 3 wells per location for a total of 45 wells. The operator is proceeding ahead with the plans to initiate site construction and contracting of services to start drilling. The Company will inform once drilling start dates are confirmed.

Annual General Meeting
The Company will hold its AGM on August 28th, 2012, at the Bow Valley Square Conference Centre, 205 5 Avenue SW, Calgary, AB T2P 2V7 at 2pm local time.
The correct number of stock options being re-priced are 28,980,000 and not 29,980,000 as previously stated on the press release dated July 12, 2012

Krishna Vathyam, President and CEO of Petrodorado Energy Ltd.
“We are excited to finally start our exploration drilling program in the Talora block and are even more thrilled to have received the CPO-5 environmental license. We look forward to getting drilling results in September for Dorados-1X and then proceed to drill the high impact CPO-5 exploration wells.”

http://www.petrodorado.com/news/2012-08-08.pdf

 

[turboduck]

David Pescod Interview with Krishna Vathyam, PRESIDENT and CEO with PETRODORADO ENERGY (As of August 9, 2012)

David Pescod: We are here with Krishna Vathyam and finally celebrating a bit for Petrodorado Energy with two tidbits today. Their major play CPO-5 – they finally got their licenses (we hear nine months after the Colombian-imposed deadlines) so why don’t you tell us a little about that play Krishna.

Krishna Vathyam: For the CPO 5 play it’s very close to some very prolific producers in Colombia. 80% of Petrominerales production comes from two blocks that are adjacent to CPO 5 (North West). We are going to drill our first two wells about 2 km away from some big discovery wells that ip’d at more than 10,000 b/d. We are very close to this trend and we have one fault corridor further southeast from the other discovered wells. The area of the two blocks put together of Petrominerales is 1/6 the area of our block, the CPO-5. So we have a big land position and more importantly is that we are pretty close to discoveries. There are multiple prospects and each prospect has 3-4 stack sand prospectivity. So that’s why it looks very attractive and we will be starting our drilling program with two wells and based on the results will drill more wells. So we are very excited about it.

DP: You have licenses for up to 45 wells, but none of these wells can be considered “gimmees”?

KV: Yes they are exploration wells. The plus point of getting licenses for 45 wells - if the first well is successful, we can drill two development wells without needing any more permits. That’s the plus side of it.

DP: Also in the news today, you announced that you spudded your Dorados well. That is a much higher risk/reward well though, isn’t it?

KV: Yes. It’s high risk in the conceptual sense. We drilled one well in a prospect east of Dorados towards the end of 2010 and we discovered gas which could not sustain production, but the primary target called “Caballos” wasn’t reached because of gas kicks. The presence of hydrocarbons is not the main risk from our point of view; it is the quality of the reservoir which is the risk because the “Caballo” formation has not been proven in the neighborhood. So that is the risk associated with it, but if it is successful, we are looking for light oil and the size of the prospect is quite big – 20 million barrels net to Petrodorado’s interest, and very close infrastructure. So to convert a discovery into commerciality is very, very quick.

DP: What is the new perception of working in Colombia? It has been an unpleasant surprise how long it’s been to get permits and most of the oil companies working in Colombia have seen their shares get hammered over the last while. Any thoughts on Colombia?

KV: They have issued a whole series of permits right now along with us. Pacific Rubiales also announced a water injection project has been approved, and Ecopetrol/Talisman mentioned that they received their permit for CPO-9 block which is south of our CPO-5. So it looks like they batch released some permits, but from our point of view, we haven’t seen a structural change. I hope that structural changes have been made so that these things are problems of the past, not of the future. But I have to see it to believe it.

DP: What are your thoughts on the price of oil going forward?

KV: As usual I would say it will stay between $80 and $100.

DP: Okay, last time we cornered you, you were picking Bankers Petroleum (BNK) as your pick with a nice target by Christmas. Any changes.

KV: No. Bankers is still a hold. And I also proposed Total and it is already up from the day I proposed close to 15% to 20%, yielding 6% in the meantime.

http://www.investorvillage.com/groups.asp?mb=17397&mn=7251&pt=msg&mid=12005279

 

[turboduck]

PETRODORADO REVISES RE-PRICING OF STOCK OPTIONS

http://www.petrodorado.com/news/2012-08-21.pdf

 

[Rooky]

Petrodorado Files Financial Results and Management Discussion & Analysis for the Second Quarter Of 2012

http://tmx.quotemedia.com/article.php?newsid=53758336&qm_symbol=PDQ

 

[turboduck]

PETRODORADO ANNOUNCES RESULTS FROM ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

http://www.stockwatch.com/News/Item.aspx?bid=Z-C:PDQ-1992266&symbol=PDQ®ion=C

 

[Antea600]

3 Millionen Cross Trade - bin gespannt
Schönes Wochenende
Antea

 

[Rooky]

Petrodorado Provides Operations Update

CALGARY, ALBERTA--(Marketwire - Nov. 5, 2012) -

Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSX VENTURE:PDQ) is pleased to provide an operational update on the Talora and CPO-5 Block in Colombia.

Talora

A testing rig is now rigging up on the exploration well Dorados-1X. Multiple test intervals have been identified and will be tested sequentially from the deepest to the shallowest.

The target testing zones are:Lower Dorados Sand conventional reservoir
Upper Dorados Sand conventional reservoir with indications of fractures
Unconventional Shale unconventional with indications of fractures


Petrodorado is the operator of the block with a 65% Working Interest.

CPO-5

The Kamal-1X exploration well was spudded on October 29 and is presently at 700 feet. The total target depth of the well is 10,500 feet. This is the first exploration well in CPO-5 targeting the Mirador, Guadalupe and the Une sands in trend with nearby prolific producing wells in the adjoining Corcel and Guataquia Blocks.

Petrodorado has a 30% non-operated working interest in this block.

Krishna Vathyam, Chairman, President and CEO of Petrodorado Energy Ltd.

"With the drilling in CPO-5 and testing in Dorados-1X underway, we eagerly await results from these two wells. "

 

[Rooky]

Petrodorado to Test Loto-1X in CPO-5 Block

CALGARY, ALBERTA--(Marketwire - March 11, 2013

Petrodorado Energy Ltd. ("Petrodorado" or the "Company") (TSX VENTURE:PDQ) intends to case and test the second exploration well, Loto-1X, in the CPO-5 Block located in the Llanos Basin in Colombia.

Loto-1X

This second exploration well commenced on January 22, 2013, and was drilled to a total measured depth of 10,500 feet. The Loto-1X well targeted the Mirador, Guadalupe and Une sands.

Drilling has been completed and three conventional cores were obtained and logging operations have been concluded. Petrophysical evaluation supported by the conventional cores indicates that the target reservoir sands in the Tertiary, Mirador and Guadalupe formations are oil bearing. Well logs indicate total potential net oil pay of approximately 80 feet of high quality sand.

Fluid sampling is presently being run in the three potential reservoirs as well as in the Une formation to confirm if it contains mobile hydrocarbons.

An ESP multi-zone testing program using the present drilling rig is planned for the Loto-1X well in the Mirador, Guadalupe and Une formations. The Une formation will be tested conditional on fluid sampling results.

The CPO-5 Block is presently under phase one of a two-phase exploration program of a total of 5 committed exploration wells.

Petrodorado has a 30% non-operated working interest in the CPO-5 Block.

Krishna Vathyam, Chairman, President and CEO of Petrodorado Energy Ltd.

"The conventional cores and logging indicate excellent quality sands in the target zones and are similar to the sands found in nearby discoveries. We await testing results to confirm these logging and coring results."