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Re: oeo2oo post# 1030

Friday, 05/04/2007 3:44:14 PM

Friday, May 04, 2007 3:44:14 PM

Post# of 1213
Thanks. Clarifying. I've been here long enough to remember very healthy figures from the Colombian side. Producers are finding no difficulty in raising new equity, so shouldering up to/selling out to/merging with cash-rich co's should be possible. But then - the more precice and valuable the proven resources are, the higher the price of selling will be.

Compared with "old" prices above $1, the POG's significantly higher and the exploration has advanced. That doesn't make sense, but I suppose it's "The Market" having fun with us...

Good hunting!

K

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