Petrominerales Ltd PMGLF

Mis-Management Discount

[oilwatcher13]

I think you may be forgetting that this management group has lost all credibility in the investment community. Just listen to the conference call and the tone of the analyst questions. The management was not aware of having to re-submit an environmental assessment for two of their most prolific blocks thus resulting in no exploration taking place on these blocks in 2012. (I don't understand why production has dropped from 38k bopd to 26k bopd- duh?) These guys must be incompetent not to recognize their actions or lack thereof have caused the rapid 15 month share decline?) 

They are talking about further delays in the submission of the EIS to allow further drilling? I think they select drilling locations by throwing darts at the map. Sounds like less drilling next year as well, they are to just continue to buy back stock to try and increase the share price!!

We need someone to buyout this group of clowns IMHO.....

[Uchuva]

I think they were just lucky in the early days with some surprise gusher wells that just water out. What is surprising is how they are throwing good money after bad into poor economic upside places like heavy oil that has only shown loads of water and of course a probable fortune spent in Peru in a place where they will really have to prove to us how it will payout. I wish we can learn what the

[oilwatcher13]

What oil Men? Their seems to be no rush to drill for oil in 2012 / 2013, small junior companies have drilled more wells than these guys. Their current plan is to watch production decline, buyback shares and drill a few dry wells. The Chairman of the Board should have acted long ago, but I think he is pretty much useless IMHO!!

[drd8]

can someone contact the company and ask them why they stopped the buyback?  i see it as either they are conserving to pay the divy, are saving to pay out the upcoming arbitration, they are in talks with someone (i dont think so as an insider sold on Nov 8th)