Well PTE certainly held up well on friday night considering you think it is such a disasterous announcement. Facts remain that although production was expected to be 500 barrels per day by now (is currently 360) N1 is still to come online, which it will be very soon - Reperforation occurred on Friday apparently. Expect an announcement regarding that early in the week, also further drilling is coming up very shortly which should result in upward moving in share price for speculation alone.
CVN has valuable exploration rights in PNG and Australia that could easily be sold, if the need arose. To suggest a capital raising in the order of 2c is disgraceful scare mongering on your behalf and a blatent down ramp that I am suprised was permitted onto this site.
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