I hold a tiny position (approx. 0.5% of my portfolio) in Petrobank as a black swan type of investment in the hopes that THAI actually becomes commercial. CEO John Wright has a fantastic track record of value creation over the past 15 years. Pacific Rubiales' announcement of progress with their STAR technology is encouraging. Petrobank has stated in the past that they believe that STAR infringes on the IP of THAI.
http://pacificrubiales.mediaroom.com/2013-09-18-Pacific-Rubiales-announces-preliminary-independent-evaluation-of-the-progress-of-the-Star-Pilot-Project-in-Quifa-SW-demonstrating-a-potential-doubling-of-the-ultimate-recovery-factor
Below is a YouTube video for Pacific Rubiales' STAR technology:
https://www.youtube.com/watch?v=ppOFsd2LpV0
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