Ann: Selva Natural Gas Field Development and Market Update, page-2

Sigh...
PVE holders are a patient lot. I never would have foreseen the risk that there would be a delay in turning on the tap but it was probably sitting there somehwere. Its hard to justify money sitting here with no chance of a SP uplift for a year, or even more, when the rest of the market is doing 20% a year. Those in this stock for a long time must be feeling the opportunity cost.
Still I guess the other way to see it is
- proven resource
- good economics of supply and increasing gas price
- Directors feel the pain as investors
- I personally would prefer my gas coming from local supply than from Russia if I was italian.
Lets all speak in 12 months, and see how we are faring?