Bottom Line: This is the same goal reset in May (see article here). The question today is how realistic is that goal given ongoing environmental licensing issues and continued security problems.
Source: Company Financial Reports, Hydrocarbons Colombia
July 11, 2012 A number of Latin American business papers and websites have picked up an EFE story that the Brazilian state oil company Petrobras will invest US$700M through 2016 in the exploration of an offshore gas platform.
Bottom Line: Natural gas suppliers making the point that environmental and health costs tip the balance in favor of gas over coal despite higher costs per BTU.
Bottom Line: Emerald Oil has not pumped crude for four months since a young driver was killed in a FARC attack on a truck convoy.
Bottom Line: The Catholic Church holds much more political and social power in Colombia than in other countries and frequently pronounces on issues of the day.
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