re: Ann: SBA JV partner KRX secures additiona...
PKO has had no control over these groups getting finance in Indo. but the timing is outstanding.
But what it does do, it gives PKO a second throw of the dice if the Philippine project turns to mush. To me a second throw is dam important. Just don't ask me to throw it.
Cadloe and Viking could be over. Maybe the Norwegian behind Viking has been hit by the recent downturn in world despair. About the only thing I'm happy with is this wealthy persons nationality. They're ok the Norwegians.
Quick recap: after years of trying Blade couldn't find finance, so they brought in Raisama, after years of trying they couldn't get it, so they brought in some Philippine hotshots of Pres Marcos fame, they couldn't get the finance, so Blade took the Cadloe project back with the thought that Viking Energy could do it, and now we wait with bated breath like a mountaineer clinging to an ice pick. -
PKO Price at posting:
1.2¢ Sentiment: None Disclosure: Held
