RE:RE:RE:RE:RE:RE:PentaNova Energy provides an update on Llancanelo Asset Tax point is moot. Llancelano assets are under the Allianza statutory entity. On the FS, the Argentian operations made a loss (Allianza, along with 2 other entities) , so they're not getting taxed.
"You get, but if you can't ACTUALLY pay for the work commitment on them you really don't have anything.can have all the working interest you want on any number of positions you can"
- They sold 40% (50% of their 80%) WI in Sinu-9 for $20m in initial CAPEX funding. So contrary to what you think, there are businesses that think they do have something. They can wind-down, do no drilling, bring in partners to fund and operate the assets in return for WI.
No one's promosing the moon, that's silly as I said before and clearly they have a big challenge ahead of them. But to think they have nothing, is not accurate. Perspective is key here. Market cap is $15m.
Kind Regards,