1912 - Sorry, but the reality is that PVD has to spend over 50% of that cash on the seismic down in Madagascar, which will leave them with about $5-6 million by the time the drilling is down (perhaps less).
After watching TPT, I feel that PVD is a better company due to its assets, but with the price of oil at lows again, sentiment is hurting this big time. As Bhutos says, PVD is probably fairly priced right now, which IMHO means is for now it might be worth a punt, but... its just as easy to go to Crown Casino and put the same amount of the roulette wheel (odds are probably similar), much quicker way to find out if you have won or lost
Ann: MZ-1 Exploration Well - Preliminary Results, page-35
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