Ann: Quarterly Report, page-16

Thanks for the links @Icemanxx - I read all three but no where did I read Schuepbach are going to pay the fine. I don't speak Spanish so maybe google translate is messing up the translation. Can you please copy and paste the wording which makes you think they are going to pay. Thanks in advance.

IMO it reads Schuabach have not paid and are contesting the fine.

http://www.espectador.com/medio-ambiente/dinama-multa-estadounidense-schuepbach-por-derrame-de-lodo

"Nario stressed that the US company has not been operational since November 2017, so the imposition of the fine does not represent any obstacle to their operations.

He added that in case the company wishes to retake the drilling, it must comply with the payment of the fine."

http://ecos.la/LA/3/economia/2018/0...-en-salto-fue-multada-por-nueva-fuga-de-lodo/

"The Ministry of Housing, Territorial Planning and the Environment applied a fine of 1500 readjustable units, equivalent to US $ 50 thousand, which must be canceled before August 17."

https://www.subrayado.com.uy/multa-...petroleo-e-investigan-segundo-derrame-n511139

This last article implies that the US$50k fine relates to a spill from July 2017?? Are we potentially facing two separate fines? It seems they managed fairly significant spills on both wells.

@PRL Management - how about some clarity on the situation. What happens if the fine is not paid by 17 August???