I think this is the last comment from PVD in an announcement...

I think this is the last comment from PVD in an announcement dated 18 May 2016. Regarding the forthcoming drilling commitment for the Mazagan block.

As previously advised, the Company has written to PXP reserving its rights in relation to the second well obligation under the farmin agreement. Discussions are continuing between the joint venture parties as to how this matter may be progressed or resolved and timely resolution is an important priority for the Company.

Make of it what you will.

I think that is in our interest to get the well drilled. It could be a company maker. Even the upside as drilling progresses will be substantial.

I know traders will be pleased with a cash payout, at which point they will sell and "tough luck for PVD". The long term future is better served through exploration success if possible.