the masterman buying more on market, page-8

Hi danny and all other PVE sufferers, I believe there has been a mention of capital raising. If you look at the chairman's address on page two you will find "In addition, we ar also working on a range of option to raise fresh capital." This is in addition to farmout. Also it appears they are looking to the US markets perhaps a possible listing over there in some form or other, or at the least writing some convertible notes etc. The RB milestone group along with Edison may be assisting in this area. Hopefully Moyes and Co have found a suitor and God willing the Italian government will approve the AR168PY license soon, as I believe that is where farmin interest will be. I doubt that a cap raising would be to anyone other than sophisticated investors and even then it would have to be well targeted. I believe this as there has been no real interest in purchasing any PVE stock other than by Masterman. Clearly if PVE wants to "fast track" and obtain the seismic and exploratory drill, then they are going to need money and lots of it, other than what LLoyds will dole them out. good luck all, like many stocks on the asx there is potential here.