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This is an outstanding PRO article from Seeking Alpha for the bargain hunters who want to diversify and look for undervalued and DEBT-FREE international producers: http://seekingalpha.com/article/3248665-petroamerica-oil-is-a-steal-no-matter-how-you-slice-it They receive Brent pricing of course.

From the international producers front, Dragon Oil was acquired by ENOC yesterday: http://www.ibtimes.co.uk/dragon-oil-shares-8-after-board-agrees-sweetened-takeover-offer-uaes-enoc-1506124

Given CNE's exposure to Morocco, Mauritania, Senegal, India etc, this is an outstanding PRO article from Seeking Alpha for the bargain hunters who look for undervalued, DEBT-FREE international energy producers who receive Brent pricing: http://seekingalpha.com/article/3248665-petroamerica-oil-is-a-steal-no-matter-how-you-slice-it and they have potential for triple digit returns.

Brent pricing, international assets, debt-free to name a few. And there are many investors who want to diversify their holdings and they do not want to put all eggs in one basket.

and this one: http://www.oilbarrel.com/2015/03/05/toronto-listed-mart-resources-in-sale-talks-with-nigerian-independent-and-umusadege-field-partner-midwestern-oil-gas/

AFR had to write-down its reserves in Kurdistan. Hopefully, this will not be the case for PCI once the new reserves report is out. I quote: "Furthermore, an updated reserves report at the Barda Rash PSC, Kurdistan region of Iraq, led to the write-off of the remaining 2P reserves at the field and an additional impairment charge recognised in the year of US$933 million."

This is the link with this deal in NIGERIA: http://www.thisdaylive.com/articles/midwestern-oil-and-gas-to-acquire-mart-resources/203270/

I think all holders here have to check out Mart Resources (MMT.TO) and its acquisition metrics. They could give you an indication about ELA's fair valuation.

Have you read about MMT's acquisition?

An outstanding PRO article from Seeking Alpha for the bargain hunters who want to diversify and look for undervalued and DEBT-FREE international producers: http://seekingalpha.com/article/3248665-petroamerica-oil-is-a-steal-no-matter-how-you-slice-it Needless to mention, they receive Brent pricing too.

With so many good drilling results, there is no question that CAZA owns the sweet spot in the Delaware Basin. I am sure CAZA will be bought out by another company by 2016.

Any idea about GPX future in Colombia? Will they drill there? Will they make a JV?

Given that GPX has significant acreage in Colombia (LLA-50, PUT-14 Blocks), this is an outstanding PRO article about several Colombian producers: http://seekingalpha.com/article/3248665-petroamerica-oil-is-a-steal-no-matter-how-you-slice-it

http://seekingalpha.com/article/3248665-petroamerica-oil-is-a-steal-no-matter-how-you-slice-it

For those folks who want to see some other Latin American producers that operate right next to Andes' Colombian properties: Petroamerica Oil (PTA.V in Toronto, PTAXF in the US listing) with four different producing oilfields in Colombia and 4,600 bopd in Q1 2015 currently has Enterprise Value at US$60 million. PTA.V is Debt Free as of April 2015. Zero Debt. According to the latest news, PTA.V pays the CAD notes (US$28 million) this week (19 April) and once these notes are paid, Petroamerica will hold a remaining cash of US$38 Million, including the restricted cash. Excluding the restricted cash, Petroamerica will hold US$27 million CASH after paying the CAD notes. http://www.petroamericaoilcorp.com/main/includes/media/pdf/2015-01-12%20Corporate%20Presentation.pdf http://finance.yahoo.com/news/petroamerica-announces-2014-fourth-quarter-033800557.html

Matador (MTDR) acquired HEYCO a few weeks ago. HEYCO was producing only 530 boepd (70% light oil) in the Delaware Basin. MTDR paid $37.4 million in cash (including debt obligations), issue 3,140,960 common stock shares and 150,000 preferred shares to HEYCO. This totals more than $110 million. See the PRs from MTDR. This proves how grossly undervalued CAZA currently is. Caza produces more than 1,000 boepd now thanks to the recent great news from the MARATHON Rd well. EOM

It is not only a matter of production. it is also a matter of PROVED reserves and EBITDA.

You cannot compare UNDEVELOPED acreage with PRODUCING acreage. CAZA has DOUBLE production than HEYCO. Based on its production, CAZA could be sold for at least $150 million. Subtract the debt, you do the math. And the result is that the shareholders get 300% higher than the current price.

I do not know why you do NOT get it but it is quite simple. MTDR bought HEYCO for MORE than $100 million. If you make your calculations, MTDR bought HEYCO for $111 million. Nevertheless, you intentionally mislead and therefore it is not worth debating with you.

it seems you do NOT understand what you read. You are also a LIAR by erroneously stating that the company's production is below 1,000 boepd! Therefore, stop the LIES. That was the AVERAGE production for 2014, according to the PR. See once again the details about HEYCO, its 503 boepd production and only 70% oil. And I am sure that a second look will help you understand the FACTS here. See also the significant increase in PROVED Reserves and this too: " Additionally, the recently announced Marathon Road 15 NC-1H well has recently added to our reported yearend production figures and Proven Developed Producing (PDP) reserve figures." and this too: " Hedged approximately 80% of oil production and 80% of natural gas production through 2017 with a current mark-to-market value of US$5.49MM for oil and US$0.38MM for natural gas totaling US$5.87MM Cash and cash equivalents at December 31, 2014, are US$5.2MM (US$18.5MM as at December 31, 2013)". and this too: "Management believes that the Company is well-positioned with excellent assets and approximately 5,100 net acres (11,520 gross acres), which is approximately 22,950 net effective acres (51,840 gross effective acres) in the Bone Spring play". Once you understand the FACTS and stop the LIES, you can come back.