re: Ann: PVE Awarded Preliminary Production C... i agree...

re: Ann: PVE Awarded Preliminary Production C... i agree gerrykuan, PVE is a conservative company with a relatively low cash burn rate for an explorer.

Down side is things take forever in Italy and past disappointments hence the low SP, but to give some perspective , disapointments are natural in the oil and gas space as its a risky buisness.

Upside is that at these prices it is very cheap since PVE is cash flow positive and is exploring new projects without having to raise funds and is paying down debt.

The offshore exploration permits are exciting, (i'm guessing that's where the next major run in the SP may come from due to high oil prices) bezzecca will add further cashflow, its a nice exposure to oil and gas. im happy to be holding this one. Patience is required however PVE will have its day in the sun.