I think there maybe early seismic result on South Block A this...

I think there maybe early seismic result on South Block A this week, then the formal Rights issue. They must be very low of funds now.

I feel even if the sp is 0.8 cents, the directors and a few other major sh will still take up their allotment. Obviously OXX will take up the slack.

PKO will hopefully get one of the Myanmar offshore blocks. Lets hope it's a good one and they can demonstrate its potential quickly.

Then the remaining seismic results on South Block A.
Will be a very interesting result.

Then takeover by OXX, after a period of internal marketing as to the value of PKO. I reckon even after a discount factor, the value could range 1.5 to 3 cents depending on the events above. OXX needs to also be valued.

Apparently there is some hope on Cadloe. The March 2014 date may fit into this.

Now that Cadloe is on hold, and with the pending Rights issue, there is no chance of 6 cents. We needed Cadloe to proceed this year for that sp to have had a chance. Instead we get dilution.

Deflated mood at the AGM, but just a a snicker of a chance. They wanted Cadloe to go ahead in 2013. So bitter taste, but no indication of where the blame laid. I did get the belief that our money is safe at anything less than 1.1 cents.

This particularly holds true, if the worst case if OXX vote against the takeover (which they won't) but PKO can sell SBA to Lion Energy at a good price.