Chaco Resources CHP (Moderated thread)

Not about Chaco but about and insight into Colombia

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Radial Energy Commits to Colombia
HOUSTON, TX -- (MARKET WIRE) -- December 06, 2006 -- Radial Energy Inc. (OTCBB: RENG) is pleased to report on the status of Management's visit to Colombia.

Management was impressed by the turnout and quality of industry professionals at the II Colombia Oil and Gas Investment Conference held at the Cartagena Convention Centre this week. In attendance were representatives from across the Americas and beyond. Major sponsors and presenters included representatives from the host country Colombia and included the Governments of Canada, the USA, several European and Asian nations as well as from every corner of Latin America and included corporate executives from ECOPETROL, ExxonMobil, Petrobras, bp, Oxy, Pacific Stratus Energy, Enbridge, Solana and many more. It was a truly global event with industry professionals arriving from every part of the world.

The major theme of the event, as promised by the organizers, is that Colombia is very much open for business; is receptive and supportive towards the development of numerous opportunities both individually and jointly, with corporations and institutions, to take advantage of Colombia's significant undeveloped oil and gas reserves estimated at 1.8 billion barrels with potential reserves of up to 47 billion barrels, and proven natural gas reserves estimated at 7.5 trillion cubic feet. The national oil company ECOPETROL and the ANH are publicly on record as being highly interested in local joint venture opportunities and the Country boasts a large base of experienced and skilled industry workers.

I like this bit 'Colombia's significant undeveloped oil and gas reserves estimated at 1.8 billion barrels with potential reserves of up to 47 billion barrels, and proven natural gas reserves estimated at 7.5 trillion cubic feet. '

Not bad if Chaco can put their name to a nice big amount of it! Nice to know there is alot of wilingness both from the Colombian Government and availability of experienced workers .

COME ON CHACO!!! LET S MAKE SOME MONEY!!!