So I continue to wait to see what PGS is going to say about the recent deal in the U.S. With the POO having collapsed, have PGS just wasted their precious pile of cash in one go? (As the deal required debt and a strict payment schedule, which IMHO, would have required a certain oil price to be received to cover the interest and payments).
While I know that PGS did not have the benefit of hindsight that is beside the point now.
What is PGS going to do?
PGS Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held