telegraph article6 Feb 2006 09:44
CHP - I no longer have it with me either, but the gist of it was that Colombia has pretty significant oil deposits (+/-10x better returns per well than Texas) which are currently being investigated/explored/exploited by +/-50 small oil ex companies + just BP I think. Perhaps just as importantly, Colombia is a far safer location that Venezuala with a significant drop in kidnappings and associated crime and is known in international circles as a country that honours its debts on time ...... Thus despite its former flakey repututation, Colombia looks a far safer area in all ways than perhaps/probably even the likes of FSU etc.