Just read the quarterly, seems the management team are deferring all cash payments at the moment.
It’s not a pretty situation too be in, we all know that management chased after a prospective area when all others were getting out. We are the owners of the permits and they entitle they entity to produce oil according to the laws in Yemen. We in theory should be granted permits once the pipeline is commissioned. Which seems imminent given that construction has been completed completed.
PSA Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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