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Pacific Rubiales upbeat 2Q12 conference call

Source: Pacific Rubiales August 9, 2012 Given some of the glum news from the Colombian oil and gas industry recently, it was perhaps hard for the company not to crow on its 2Q12 conference call this morning.

Sunday, August 12th, 2012
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Beatriz Uribe steps down from National Mining Agency

Friday, the Ministry of Mines and Energy reported that Beatriz Uribe was stepping down from her post as President of the National Mining Agency “for personal reasons”.

Sunday, August 12th, 2012
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Assessing risks — Range Resources in the Putumayo

August 10, 2012 On July 30th, Australian company Range Resources Ltd published its 2Q12 operational update. A considerable portion of the document was devoted to its new economic participation agreement with private company Petro Caribbean Resources  Ltd  “that will see the Company earn a 65% economic interest (option to move to 75%) in Blocks PUT-6 and PUT-7 in return for funding (on a cost recoverable basis) the commitments under the Production Sharing Agreement (“PSA”) with the National Hydrocarbons Agency of Colombia (“ANH”).”

Saturday, August 11th, 2012
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The cost of security — Case of Gran Tierra

The cost of security — Case of Gran Tierra

Source: Gran Tierra, Hydrocarbons Colombia NOTE: Colombian production only August 10, 2012

Saturday, August 11th, 2012
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In 2013 the country will have 18 battalions to protect productive infrastructure

Bottom Line: Events  of recent weeks have painfully shown that the country simply doesn’t have enough troops to cover all of its infrastructure. This announcement is very welcome.

Friday, August 10th, 2012
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The old guard strikes back: complaints about the new royalties system

With the MinMinas and National Planning Department (DNP) crowing last week about the new royalty distribution system, it was inevitable that there would be a reaction from those less favored.

Wednesday, August 8th, 2012
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Minister of Transport is critical for Colombia’s metallurgical coal industry

Colombia’s thermal coal deposits are conveniently located within a few hundred kilometers of the country’s Caribbean coast.

Wednesday, August 8th, 2012
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The government of Juan Manuel Santos will bring natural gas to Pasto: Minminas

August 4, 2012 The Minister of Mines and Energy, Mauricio Cardenas said Saturday that the government of Juan Manuel Santos will bring domestic natural gas to the city of Pasto, the only capital city without such service. It will take two years.

Wednesday, August 8th, 2012
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Petrominerales is pleased to report scary results

August 5, 2012 On August 2 2012, Petrominerales wrote that it was “pleased to announce our 2012 second quarter financial results”.

Monday, August 6th, 2012
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Environmental damage caused by oil spill under investigation.

Bottom Line:  An oil spill into a waterway from the only well belonging to a little-known operator. Security issues in the zone prevented officials from arriving in a timely manner so most of this article is an extended “not my fault”.

Monday, August 6th, 2012
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