ive just got off the phone to the finance director he confirmed current production is 915 boe gas and all oil wells are currently shut in they recieve an attractive price of $25 per boe "his exact words" so profit is in fact better than i thought.
Gas is the future at least in the short/ medium term.
They intend to ramp up gas production and only re-commence oil production when the poo rises sufficiently.
PMG also need to get out of AIM as soon as they qualify to do so.. Dana's S.P. responded positively when it exited .
Still have great faith in the Management to deliver significant value to shareholders, but we may have to wait a little longer than at first expected but a mega- deal or new, large oil/gas discoveries are a distinct possibilities in the next few months.
T.C. and his team have shown that they can navigate their ship through the choppiest of waters when many others have simply sunk
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