PVD Jacka and Sterling, page-23

PVD and JKA may be planning a JV regarding the Madagascar project ?

PVD only has 2 assets one being the offshore Gabon block which is tied up in a dispute with the Gabon government and this could drag on for years to come, effectively keeping PVD stock and cash suspended indefinitely under force majeure , ( I hope not for the holders on PVD. )

the other asset is Madagascar which PVD already own 100 %


PVD could effectively start moving ahead though JKA with Madagascar releasing data and planning a drilling program while retaining activity and control though JKA


if this is the case this could be a win for JKA as they will have an active program though PVD involvement, and PVD could also move ahead on its other project Madagascar alleviating any negative outcomes regarding Gabon ..