re: Ann: PVE to conduct further testing on Gr...
There is no indication of sept quarter cash flow either, With regard to well below rate flow they might mean that it isn't going to be 9b best reserve as estimated. Remember they only have 25% chance of success for this one and it probably did not cost them as the farm out partner might cop the cost. We have to wait another two weeks for the report! They still have two developments to come and five gas discoveries on the line awaiting approval. So gradizza is not going to make much difference at this stage anyway. Without a new CEO we are saving on the cost as it did not seem to make any different regarding the speeding up approval Pve total shareholders fund are now less than the Sillaro plant replacement cost at today's price! It seems ridiculous but that is the reality of today!
PVE Price at posting:
14.0¢ Sentiment: None Disclosure: Held
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