good news, page-36

Scroogy, Not bad they threw 14M around & it closed at 2.6c, still only $13.9M mkt cap (with $5.3M cash). I've been told company is doing presentations to investor groups/brokers for the rest of the week & by the looks of it those attending are getting the picture (more will over the coming days). If SXY hits oil (in the proven western flank) in PEL 514 - PGS has the capacity through bonuses & free carry to basically cover over >$100M in total expenditure, with PGS 20% share in whatever is found able to be fully monetized without dilution to shareholders....PGS still offers excellent leverage, albeit SXY has to hit something, but has 2 goes to start with (& 80% so its not as if they won't be trying)...all before Nov - maybe drilling is starting soon.. All aboard !