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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-24-08 06:26 AM
Original message
There's oil in Colombia.

Osage Exploration and Development, Inc., an independent oil and gas exploration and production company, announces an operational update regarding the Company’s acquisition and development efforts in Colombia.

Osage has worked the past 18 months to uniquely position itself to capitalize on several high impact projects in Colombia. The Company currently produces approximately 120 BOPD from its Colombia and Oklahoma properties. In Colombia the Company has completed two joint ventures with well-established Colombian E&P operating companies including Gold Oil, plc (GOO:LSE), and Pacific Rubiales Energy (PEG:TSE). Respectively, these are the Rosablanca project, which consists of a 50% working interest in a 100,000 acre concession in the Middle Magdalena Valley that is on trend with several producing fields, the nearest of which is 6 miles away; and the Guaduas Field which consists of a 9.3% working interest in 75,558 acres with current gross production of 1,000 BOPD that also includes a 9.3% ownership interest in a pipeline that has transportation capacity of 20,000 Bbls/d.

In addition to these two properties, the Company has two other Colombian oil and gas joint ventures currently under letters of intent with a major Colombian E&P operating company. All told, these four properties encompass over 268,000 gross acres (over 420 square miles) with estimated total proven reserves of 0.4 MMBbls and possible reserve potential of over 50 MMBbls based on internal Company engineering and estimates.

http://www.oilvoice.com/n/Osage_Exploration_and_Development_Announces_Colombia_Operations_Update/fd06c5e1.aspx
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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-24-08 06:29 AM
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1. There's gold in Colombia.
I'm pleased to have an industry professional with the reputation of Mr. Van Damme on board with Tao to assist the company and Mr. Cohen in communicating to shareholders and potential investors," stated Jim Sikora, Tao CEO

About Tao Minerals

Tao Minerals (OTCBB: TAOL) is a junior exploration company based in Medellin, Colombia. Tao is successfully positioning itself as a leader in gold exploration in Colombia through key acquisitions of properties with exceptional potential for low extraction cost deposits. Tao's focus in calendar 2008 is on the upgrading and initiation of operations of its El Colmillo mine, which offers the potential to quickly provide a strong revenue stream, able to fund exploration activities on the estimated high grade gold deposit of its Golandrina property and finance additional acquisitions, while greatly enhancing shareholder value.

http://www.foxbusiness.com/markets/industries/industrials/article/tao-minerals-hires-new-investor-relations-consultant_576608_6.html
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annabanana Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-24-08 06:29 AM
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2. And another piece of the puzzle falls into place.
The picture is clear.
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DrDan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-24-08 07:25 AM
Response to Original message
3. junior's trade deal makes so much more sense now . . .
"Bush cast the deal as a winner for the U.S. economy and necessary to promote U.S. national interests in the hemisphere, where Colombia faces a "hostile and anti-American regime" in Venezuela, which is ruled by populist President Hugo Chavez."

http://www.mcclatchydc.com/226/story/32915.html

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L. Coyote Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-24-08 09:10 AM
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4. Sell your stock before the revolution nationalizes all of it!!
Colombia is the one country in South America that is overdue for a social revolution.
The corrupt government in power now is a fascist, right-wing narco regime.
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