RE:RE:RE:RE:PentaNova Energy provides an update on Llancanelo Asset Needslessly aggressive and avoided my question on tax.
It's obvious they're in a WC deficit, it's even spelled out in the disclosures. They have, temporarily no source of trading CF after YPF effectively ring fenced their Llancelano asset.
Talking about balance sheets, they have 100% WI in KM8, 40% WI in Sinu9, 60% WI in Tiburon. Got a stupid partner to take on $22m of capex risk for 50% of PNO's interest in Sinu9. Discount that however you want, but their market cap sits at $15m today.
To think they have no levers is foolish. Same goes to fanboying and hoping but facts are facts.
Maybe learn to actually read the balance sheet and not just spit back numbers and ramblings about exec comps