ok good luck. i dont think any1 can be sure that that this is not going belly up. they will need more funds to pay down debt in the short or medium term. the last placing was at 5p and a 30% discount. i dont see a farmout as they cant get the stuff out the ground. 30 wells drilled and only 2400bopd
I do not think someone has any idea about bad news as we have seen some big buys and not many big sells , this is rather small investors closing positions and taking the share down ,and PTR is nog going to bust , no way with assets they have got , just my view .
Would tend to agree with you. I just cannot fathom this share. Can only assume taking it (the SP) at face value that we have bad news on the way and someone has been filtering out in advance. I'm not selling though as I think that would be silly now. This ain't going bust and its worth a great deal more than this for what is in the ground so I'm sitting tight and riding out the storm for better days lol.
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