Anyone wishing to grab this company must take the huge debt into account.----The refinery appears to be a total loss.---If they're serious about taking over this company they would likely wait to see how the production comes along on both pods.----If there was an offer in the making, it wouldn't be very high.----One billion is needed just to get us out of debt.---Another billion plus would be required to pay out all of the shares that are in the open market, just to pay enough so that the shareholders are enticed to vote for the takeover.----The upward movement that is under way right now is because of the ashphalt sales, which speculators assume will tip the tables, in favour of a profit regarding the refinery. I'm staying in for the longer haul, which would take another couple of successfull pods.----The only holders of this company that would take an offer, would be the people that bought in after the collapse of our s/p.---Longer term holders would need a much higher offer, like around $4 or even higher.----All of the above is just an opinion expressed by myself, and as we all know, there are many opinions out there, and noone knows which one is correct, until after the fact.----Rich.

----Petrolifera Petroleum Limited announces significant Colombian gas discovery

Petrolifera Petroleum Limited (PDP-TSX) announced today the results of its recently tested Brillante SE-1X well, drilled, completed and tested ahead of schedule and below budget on its 100% owned Sierra Nevada License in Colombia.

A drill stem test ("DST") conducted between 3,138 feet - 3,350 feet subsurface (212 foot gross pay interval, 105.5 foot net pay interval) flowed dry natural gas and no water from the Cienaga de Oro Formation ("CDO") at a measured rate of 8.4 MMcf/d, through a 48/64th inch choke with surface pressure at 579 psi.

The company has estimated that the calculated absolute open flow ("AOF") rate of the well to be 12.5 MMcf/d of natural gas, based on the available data from the test. This AOF rate will be reviewed and updated once downhole gauges are recovered from the well and pressure data can be further analyzed.

Log evaluations conducted by a third party independent petrophysical consultant of the interval from 3,138 feet - 9,500 feet, the total depth of the well, indicate the presence of a total of 429.5 feet of possible net natural gas pay. No resource or reserve calculations can be made until the company conducts a long-term test of the perforated interval.

Current plans are to suspend the well until a permit to conduct a long-term test is received. Evaluations of deeper pay intervals drilled in the Brillante SE-1X well will be conducted in subsequent appraisal wells.

Readers should be cautioned that measured flow rates and the calculated AOF rate may not be indicative of stabilized production rates for the Brillante SE-1X well. Further long term testing of the Brillante SE-1X well is required. Petrolifera has a right to appraise its oil and gas rights in Colombia but it does not have a right to produce same until such time as the reserves are determined to be commercial.

Petrolifera Petroleum Limited is a Calgary-based crude oil, natural gas and natural gas liquids exploration, development and production company with interests in eleven concessions or licenses in Argentina, Colombia and Peru. ----Rich.

When the refinery was first purchased, it appeared to be a great move by management, and in fact it paid for itself in the first 3 quarters, but somewhere since, the horse has gone lame, and as a former race horse trainer, the answere to me is obviouse.-----Get rid of the losers, before the whole stable goes down the shute.----The refinery business is a universal sham.-----Rich.

Dondon, the higher pressure on the U.S. buck means that the larger investment players go into gold and oil, (primarily).----Therefore a lower American $ = a plus for CLL.---Rich

Difficult to put a value on our s/p since the main drag, (the refinery) still appears to be problematic. This holds to be true with other companies as well.----I still feel that the rise in s/p was simply a couple of fund managers vying for shares in CLL at the same time, and since the high in the $1.60's, profit taking has reduced the price to current levels.----Rich.

Anyone else believe that the downturn in our s/p is due to the release about a possible partner coming in to help with finances, going forward?