A few highlights:
Petaquilla reports gold equivalent oz production of 69,490 for FY 2012 (ended May 31).
Gross revenue for FY 2012 of $93.1 Million. Average realized gold price $1520.
Projected cash costs for 2013 expected to be $550 - $600 oz.
All required authorizations for Petaquilla's new mine in Spain have been received.

A replay of Petaquilla’s audio webcast with all the details will be available through July 27^th. Visit:  http://services.choruscall.ca/links/petaquilla120627.html
 

Previous press release had a typo.
The correct percentage of float represented by the approval for Petaquilla to buy back up to 17,000,000 shares, is 7.9%, rather than 4.7%.

It would seem to be a distinct *positive* that Petaquilla is willing and able to buy back its shares when so many other juniors struggle with financing.

Gold Producers in the Catbird Seat: Jay Taylor  | Jul. 18, 2012
http://www.businessinsider.com/gold-producers-in-the-catbird-seat-jay-taylor-2012-7
Excerpt from the interview:
Jay Taylor: Petaquilla Minerals Ltd. (PTQ:TSX; PTQMF:OTCBB; P7Z:FSE) is my top pick right now. It is very undervalued; selling around $0.38/share. It expects to produce 100 Koz this year, mostly from growth in its Panamanian project. It also has high-grade deposits in Spain and Portugal.

Petaquilla expects to spin off an infrastructure subsidiary that will build roads and operate power plants in Panama. That is a little dividend for investors, but I just like its long-term growth prospects.

TGR: Management owns about 12% of the company, and Eric Sprott is an investor. Those are usually good signs, but why is a gold producer selling for $0.38/share?

JT: There is some short-term debt on the balance sheet. Petaquilla has produced about 50 Koz gold/year. If it gets to 100 Koz, as it projects, and maintains its quarterly reports, I think Petaquilla can do extremely well.

TGR: It projects 70 Koz gold in its guidance for 2012.

JT: It has bigger numbers in mind for 2013, and has the projects to make it happen in Spain and Portugal, as well as expansion in Panama

Let me carefully rearrange TGR's question from the Jay Taylor interview (above) so you will understand that no one is specifically singing Sprott's praises here.

TGR: Why is a gold producer selling for $0.38/share when Management owns about 12% of the company, and Eric Sprott is an investor? Those are usually good signs.

The core question is why is this gold producer selling for .38/share.

I understand that you probably have good reasons or cause to vent at Sprott but please note, I am trying (in a small way) make a contribution to TF Metals with this dedicated thread on Petaquilla Minerals. 
So, a tirade against Sprott (or his fans) is not significantly relevant or contributory, is it?

For anyone interested, I stumbled upon a Petaquilla message board at Investorshub that currently has a very *lively* discussion of all the goings on at this Panama gold producer. Here is the link:  http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77686245  Folks are posting frequently and many are very well versed with this miner.  Check it out.

Takeover offer heats up!
The following post is from Lojiko  an assistant (moderator) on the PTQ message board on InvestorsHub. http://investorshub.advfn.com/boards/board.aspx?board_id=9883
This is a VERY active message board for anyone interested in following blow by blow this takeover offer for Petaquilla from Inmet.
Apparently there is an existing agreement in this mining region where Petaquilla gets ownership of land/deposits  that holds more Gold value than Copper value.  Primarily copper deposits go to the much larger Inmet.  As the price of Gold goes up..............
Additionally, Inmet plans/needs to expand and needs certain concessions from Petaquilla to do so.
_______________________________________________________
"See those dotted lines. Those are proposed roads ... they all cross PTQ land.



However, I don't think this is about roads. I think this is about stipulations in the MPSA agreement that gives PTQ any deposit that is 50%+ gold, by value. Inmet potentially loses a lot of its copper deposits the higher the PoG rises. Notice how Botija Abajo/Brazo, Valle Grande, etc are all on INMET'S land - heck, Molejon is on Inmet's land - but they're OUR deposits. It's because of that stipulation ... we get any deposit that is 50%+ gold by value."

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2012) - Petaquilla Minerals Ltd.   (TSX:PTQ)(OTCBB:PTQMF) announces its preliminary operating and financial results for its Molejon gold mine, located in Panama. Currency is reported in United States dollars unless otherwise indicated.

Molejon Mine Preliminary Operating and Financial Highlights for First Quarter of Fiscal 2013
-- Gold ounces mined: 33,475 - increased by 6% compared to previous quarter
-- Gold equivalent production sold: 17,597 ounces - increased by 13% compared to previous quarter
-- Gold ounces stockpiled as at August 31, 2012: 112,266 - increased by 17% compared to the end of previous quarter
-- Gold production inventoried: 4,691 ounces - increased by 35% compared to previous quarter
-- Revenue: $25.5 million - increased by 6% compared to previous quarter
-- Cash cost per ounce of gold sold: $550 - $600
-- Cash position as at August 31, 2012: $12.5 million - increased by 4% compared to the end of previous quarter

During the first quarter of Fiscal 2013 Petaquilla sold 17,230 ounces of gold and 24,300 ounces of silver representing sales of $25.5 million and $0.5 million, respectively. Cash cost per ounce of gold sold during the first quarter of Fiscal 2013 ranged from $550 - $600, as originally anticipated.

The Company delivered to Deutsche Bank AG, London Branch ("Deutsche Bank") 4,455 ounces of gold and 24,300 ounces of silver, in accordance with forward gold and silver purchase agreements. As anticipated, the Company intends to offer, on a private placement basis, $210 million aggregate principal amount of senior secured notes due in 2017. The notes will be secured by a lien on certain of the Company's subsidiaries' assets (other than the assets of the Company's infrastructure subsidiaries and any unrestricted subsidiaries). Petaquilla intends to use some of the proceeds of this offering to terminate its obligations under its existing prepaid forward minerals contracts. By selling gold and silver at the prevailing spot prices, the Company anticipates that it will realize significant increases in its sales prices.

The Molejon plant expansion in Panama, including the installation of a fourth ball mill, third thickener and second retained circuit, along with the expansion of leach tanks and CIP tanks have progressed apace during the first quarter of Fiscal 2013. The Company anticipates the commissioning of this new equipment during the second quarter of Fiscal 2013. The new equipment will enhance plant throughput capacity at Molejon by 1,100 tonnes per day and increase production capacity by approximately 30%.

PANAMANIAN GOVERNMENT AFFIRMS PETAQUILLA’S RIGHTS TO LAND SOUGHT BY INMET

Vancouver, BC – October 22, 2012: Petaquilla Minerals Ltd. (“Petaquilla” or the “Company”) announced today that the National Authority of Land Administration (“ANATI”) of the Government of Panama issued Resolution No. ADMG-026 dated October 18, 2012, denying certain requests by Minera Panama, S.A. (“MPSA”), a subsidiary of Inmet Mining Corporation, relating to Petaquilla’s concession rights.

On April 27, 2010, MPSA applied to ANATI to lease from the Government of Panama over 7,500 hectares of land adjacent to the Cerro Petaquilla Concession (on which MPSA plans to develop its Cobre Panama project). This application includes lands falling within Petaquilla’s San Juan and La Esperanza concessions, which MPSA has represented to the Government of Panama are critical for the development of its Cobre Panama project.
In responding to MPSA’s application, with input from the Panamanian National Directorate of Mineral Resources, ANATI ruled on certain key issues, including:  in order for MPSA to exercise the privilege provided to it in the 1997 Petaquilla Law, Contract Law No. 9, to obtain from the Government of Panama a lease of lands, it is a precondition that such lands be available for lease;
 lands that are subject to the mineral concession rights of third parties are not available for lease;
 certain of the lands sought by MPSA are subject to the prior mineral concession rights of Petaquilla; and
 consequently, MPSA is not entitled to the lease it has requested from the Government of Panama relating to lands subject to Petaquilla’s concession rights.

In its ruling, ANATI directed MPSA to negotiate with Petaquilla for a friendly agreement for access to such lands, failing which MPSA’s sole alternative would be to pursue a resolution through private arbitration with Petaquilla, as provided for in the Petaquilla Law 9.
Rodrigo Esquivel, President of Petaquilla, stated, “We are pleased that yet another Panamanian governmental agency has confirmed Petaquilla’s position on its rights to concessions adjacent to Inmet’s Cobre Panama project, and look forward to engaging in a constructive dialogue with Inmet, as directed by ANATI, for a resolution of all such matters that is in the best interests of all parties involved, including Petaquilla and its shareholders.”