Petrolifera Petroleum

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Petrolifera Petroleum Ltd.

Type	Public (PDP)
Founded	Calgary, Alberta
Headquarters	Calgary, Alberta
Key people	Richard A. (Dick) Gusella, Chairman, Gary Wine, President
Industry	Oil and Gasoline
Products	Oil & gas exploration and production
Revenue	$2.864 million CAN (2005)
Website	www.petrolifera.ca

Petrolifera Petroleum Limited (TSX: PDP), headquartered in Calgary, Alberta is a Canadian oil and gas company engaged in exploration and production activity in South America. Petrolifera’s production base stems from its 100 percent-owned Puesto Morales/Rinconada Concession in the Neuquen Basin, Argentina. In late 2005 and early 2006, several significant light oil discoveries were made on this concession.

Petrolifera was also successful in negotiating two major petroleum and natural gas exploratory licenses covering over five million acres in the Marañon and Ucayali Basins of Peru during 2005. These blocks are either on trend with or offset significant petroleum accumulations and are considered to be well-situated from a geological perspective.

Petrolifera is currently 31 percent owned and also managed by Connacher Oil and Gas (TSX: CLL) of Calgary, Alberta.

[edit] Corporate governance

Current members of the board of directors of Petrolifera Petroleum Limited are: Richard A. (Dick) Gusella, Gary D. Wine, Donald D. Barkwell, Colin M. Evans, Gerrit T. Maureau, Stewart D. McGregor, and Christopher Smith.