agm report, page-5

if PVE had cash I think they could flex their muscles a bit more and the lag time between drilling and production would be minimised

I did think about asking at the AGM whether slipping brown paper bags to the right officials might expedite the approvals process, but decided against it.

I don't think more cash will necessarily speed up the bureaucratic delays, but it will allow them to run more projects/applications in parallel. As you say, there's no shortage of exploration prospects for development.

Another possibility once they have money would be to use that and their local knowledge to get a share of other projects. European Gas, for example, has some provisional coal-bed methane exploration permits in Tuscany, but no money to fund their development. PV could provide money and knowledge of the Italian bureaucracy to go with EG's CBM experience and exploration permits.