Without doubt the most naive a announcement I’ve read in 30 years of investing on the ASX.PVE announce gas production then go on to say: we are looking at selling our offshore gas project or JV it. Here we are thinking great: we have a great gas cashflow, now start developing more wells and the big cream, the offshore later after smaller wells start producing. Nah, not these foolish directors. We got gas now we gunna sell out of the gas business. Im surprised to be honest the stock is not 2c. Probably will be soon.Talk about a deflating comment. Shareholders have bolted out of this stock and for good reason. Nine years to get to this stage and then the directors do a Budweiser stupidity clown act.
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