Market cap approx $3.86m at present. At the moment, a takeover...

Market cap approx $3.86m at present. At the moment, a takeover offer of 2 cents (0.2 cents prior to consolidation) would be pretty attractive!
We really need some good news updates on the following:
1. Borba gas discovery (and not just a couple of sentences, like in most recent quarterly reports).
2. Update on the reactivation program (around 59 oil wells being reactivated), especially with oil prices starting to pick up again.
3. Update on the two new wells that were recently acquired.
4. Update on European oil operations.
I am a bit surprised (and somewhat disappointed) that they would undertake a consolidation without putting out some positive news flow shortly afterwards. Otherwise, you are simply better off delaying the consolidation 'until' there is something positive to announce afterwards.
I know the quarterly will be out soon (next week), so I hope management can step up their game and put out some good, well thought-out information.
Otherwise, we may as well start selling off our assets to unlock value to shareholders.
IMHO / DYOR