cordillo seismic completed, page-2

Scrooge, I would hope PGS would have enough to scrape through 2012, although I feel that there's a high probability that any positive news in up coming seismic data &/or drilling programme may well be used as leverage to raise funds - although highly likely that a placement would be the choice, rather than rights issue - thus those in higher (ie me) will not benefit (as usual)

Pls note the above is only an assumption using a commonsense approach.

Obviously I hope like all of us holding PGS that "when" the drilling does commence it hit's something, as with with >500M shares on issue & more capital required....there's no other option