I sure hope he is not intending drilling Druid without a partner. Why would PVR even consider proviing the Atlantic Margin for all the big caps? Surely it should wait for one of them to prove it!
My current investment/gambling strategy with PVR which is "in for a penny in for a pound" will mean I will take-up offer - wrongly or rightly!
If there is a cash element to the supposed BROE deal which is very close then the size of raise is criminal!
I would have expected for plan to be more advanced after so long in suspension
Proof Board don't read this message board - Lastly, and most importantly, we would like to express our sincere thanks to our shareholders, both existing and new, for consistently demonstrating their support and belief in both the Company’s strategy and the management team’s efforts to progress this strategy and develop our very significant portfolio of assets offshore Ireland.â€
Press were 99% right on this - surprise surprise. I note the board are participating - I wonder is it at 100%. It all now seems to hinge on Druid - I'm surprised we don't let majors drill in area first, rather than proving it for them. 20p by the end of the week?
You would think Spuddy, but alas I for one will not be holding my breath!
I'm not talking down my investment as it can't be traded - but I am for sure calling out the board as being worse than useless, casual with the truth, and not looking after shareholders interests. My position will not change even if they announce a great deal tomorrow.