Vista Partners Updates Coverage on Colombia Energy Resources, Inc., $6.35 Target Price

SAN FRANCISCO, Nov. 8, 2011 /PRNewswire/ -- Vista Partners announced today that it has update coverage on Colombia Energy Resources, Inc. (OTCBB & OTCQX: CERX) (the "Company") and maintains its twelve month target price of $6.35. Ross Silver, Principal Analyst at Vista Partners stated, "Management believes that the initial resource estimate from their current portfolio could be between 15M-20M tonnes. A 15M tonne resource should be sufficient to begin mining at a rate of one million tonnes per year, with the resource expected to increase as mining progresses, as is typical in the industry." Mr. Silver continues, "We believe Colombia Energy Resources, Inc. is positioning itself to be a highly attractive acquisition candidate to larger coal producers such as Peabody Energy Corp., Arch Coal, Inc. & Alpha Natural Resources, Inc."

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About Vista Partners:

Vista Partners LLC was founded in 2005 and has offices in California and one in Oregon. Vista Partners LLC is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners LLC has built a name for itself in the small cap space due to its selection of profitable investment ideas.

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SOURCE Vista Partners LLC