Just how things can slow down and speed up inthis game is clearly illustrated by our old acreage in Nigeria.Although drilled with PVR back in 2008 ,they have plans to drill Aje 5 and have production by the end of the year.Hope for us yet.http://www.worldoil.com/news/2015/7/27/panoro-energy-spuds-aje-5-well-offshore-nigeria
Bought and sold out of this last year, not holding now. Truth be told this could be 8pm by Jan, or worse in administration . But if a deal happens - it's a boom! . Bottom line gamble . Why not take a really small slice and average up ?
Worth a Punt
I think what worry's most is how much money PVR have remaining in the fund pot !! and can a deal be done before it runs out ? I am not sure how much we have remaining from the last fund raising ? and what will happen if no deal is not done soon. But hopefully a buyout/farm in will be done soon..
Worth a punt?
Anybody think this old dog is worth a punt at this level. Sold out a while ago at a loss. Wondering if our gifted CO might pull the rabbit out of the hat some time soon.
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