The value equation is simple to calculate! Self Interest!
Mr Day has a personal stake in PNE and he will in all his powers try and turn it into a significant benefit for himself.
Why else would the board of DLC keep plowing cash into PNE only to write off the investment in the same year?
Do not be surprised if PNE have another cut at the oil producer siting in DLC.
I suspect that the board has gone back to the owner to renegotiate the price and also been doing the rounds to try and sure up some funding.
I give it 2 to 3 months and they will be back with another cut of the Canadian river project!
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