I think it is simply PGS management trying to stymie any chance of a T/O ever.... as they clearly like their jobs, and perhaps more importantly, their salary's.
A shame really, as I have wanted to take a position, but managements total lack of interest in doing anything in the Cooper basin has just proven correct.
I cannot decide on the sentiment, hold.... for 20 years? or sell. hmph.
Ann: Oil and Gas Overriding Royalty Acquisition and Funding, page-4
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