"On 4 March 2014, Peak and VenturOil Philippines Inc (VenturOil) met with the DOE and presented an alternate funding and development plan for SC6 Cadlao to the DOE. Peak and VenturOil intend to implement these plans through the joint venture processes. The DOE has verbally agreed not to terminate SC Cadlao for at least two (2) months whilst VenturOil attempts to finalise these matters."
It still looks very messy and hard for OXX to value PKO until Cadlao is resolved.
PKO Price at posting:
0.5¢ Sentiment: LT Buy Disclosure: Held
