Ann: Capital Raising to complete four well program in Uruguay, page-23

According to the docs PRL were liable for the delays in drilling caused be the contractor's poor performance and drill rig and were paying either full rates or discounted rates for all delays. OUCH.
Makes you wonder why have a contractor at all if PRL were left with all the risk.

Management buying on market now, or participating in the offer would certainly be the right signal now. They must communicate their level of buy in IMHO.