Operator sold its interests in Spain to PRL in lieu of payment...

Operator sold its interests in Spain to PRL in lieu of payment of its JV commitments in Uruguay is my take on it which can be read a number of ways, not all that positive I'm afraid.
You could interpret it as they put a low value on Spain (they sold their JV interests in return for debt forgiveness so less than USD$1m?)
Operator walked away from Uruguay commitments months ago, I suspect they knew what the problems really were then.
Company is putting a positive spin on it, I think it is the operator washing its hands of all the PRL projects but that is only my opinion!

Oh and the Company now considers its Spanish projects to be fantastic, something has changed in the last few weeks clearly.....