da Goombarh gots PTA on his blog:
http://goombarhsedge.blogspot.com/2011/08/petroamerica-pta-ptaxf-moving-up.html
Just da way I see dat!
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Wednesday, August 31, 2011

PetroAmerica(PTA, PTAXF) - Moving Up
...Aug 31, 3011 seems tobe moving a bit upwards...
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Goombarh Flash 30,  August 25, 2011
Bottom Fishing - Draggedup a Billion Share PetroAmerica (PTA, PTAXF)
Good Day,
Just too lazy to build the good case forinvestment by myself.  However, here inthese write-ups in the Spring of this year, pumping the PetroAmerica stock, onegets a sense of the company:
Ahead of the Herd - ColumbianOil:
http://www.aheadoftheherd.com/Newsletter/Colombian%20Oil.pdf
James West in the Midas Letter:
http://www.midasletter.com/news/10011402-Petroamerica-leads-junior-oil-exploration-in-Colombia.php
An article by exclusiveReports:
http://www.newfuelnow.com/commentaries/2011/03/15/world-looks-to-colombia-for-oil-supply/
Short Article in Resource Investor
http://www.resourceinvestor.com/News/2010/3/Pages/Petroamerica-discovers-Colombian-oil.aspx
And a capsule summary of what's happeningrecently:
PetroamericaOil Corp. (PTA-X0.140.0053.57%) hasmoved away from a year low of 12 cents on news it has received $2.8-million inoil revenue during the first six months of 2011 from its 15 per cent workinginterest in the Balay discovery of the LLanos Basin in Columbia. Since beginninglong-term testing of the Balay discovery in July 2010, more than 420,000 barrelsof oil with an average price of $105.91 a barrel and a per-barrel netback of$65.48. Two new test wells were started on long-term testing during the pastweek, producing a collective 6,561 barrels per day with negligible water underelectro-submersible pump. The oil is being trucked by road although Petroamericaand its partners are now evaluating the logistics needed to transport thosequantities of oil.
http://www.theglobeandmail.com/globe-investor/investment-ideas/small-caps/todays-small-cap-stocks-to-watch/article2112873/page2/
Link to their corporate presentation:  http://www.petroamericaoilcorp.com/main/includes/media/pdf/2011-06-15_PTA%20Presentation.pdf