I have been thinking about this some more, and I am left wondering why management haven't specified what field this royalty is over. I can't see that being commercially sensitive and if they published the name at least investors could research what management have got them into.
Very strange and disappointing because PGS was one of the only remaining micro-cap CB players.
Ann: Oil and Gas Overriding Royalty Acquisition and Funding, page-21
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