not all doom and gloom

Not entirely related however PVD ($39mill MC) announced this morning a whopping $215m free carried farm in with Freeport McMoRan Oil & Gas - offshore 5000m deep well with 5 targets .  Just shows that even with oil price falling the big boys still want to invest big $$ into juniors and PRL are in the drivers seat to make something happen.  Seismic results have to be imminent surely??

Interesting at the bottom of the article the commentary re: how conventional targets will be sought after in low oil price environments .  One great thing about uruguay and spain  - it isnt a one trick pony, we have conventional oil and gas and unconventional targets also!  How big they are is the mystery.

http://www.theage.com.au/business/pura-vida-in-165m-oil-drill-20141217-128ql4.html