1) the prospectivity and location of the leases are attractive.
2) The way the entire 1st drilling programme was managed, ramped and announced was totally suspect - marat had some validity in his claims IMO (but I dont believe Vautex was involved)
3)The number os shares and options on issue are ugly.
Does 1) outweigh 2) an 3)? The CUB thinks not - far better opportunities in this mini-boom.
The 2nd drilling programme will be sink or soar for PDY - will following with interest.
PDY Price at posting:
2.8¢ Sentiment: None Disclosure: Not Held
