Energy Prospectus

PMG was added to the Sweet 16 on Jan. 1 to replace Stone Energy (SGY). See my comments in the Sweet 16 Detailed Update. - Dan

BOGOTA, COLOMBIA--(Marketwire - Jan. 5, 2011) - Petrominerales Ltd. ("Petrominerales" or the "Company") (TSX:PMG - News), is pleased to provide an operational update highlighted by our Yatay-1 exploration well producing 10,440 barrels of 43 degree API light oil per day ("bopd") under natural flow.

PMG reported 4th quarter production of 33,222 bopd, which is more than 1,000 bopd more than what I have in my forecast model. My Fair Value estimate for PMG is $53/share, not including this new discovery.

My forecast is now looking very conservative. PMG has $60/share potential.

I talked to their IR person yesterday about posting shares in my Schwab account. He said the shares may show up in my accounts today. He said something about dividends.

I think PMG and PetroBakken both pay dividends.