Parex taking a hit
Either they are taking a huge writedown because of trinidad or they are doing a private placement to make a purchase. I am hoping for the latter. PTA holding up well so no news this week. We wait for Parex to spread the news on the 13th. If both LC2 and la Guiria are successes then we have multiple producing fields and anyway you look at it a huge bump up in reserves which will calm those nervous nellies worried about decline rates. Once we get past and stay past .35 we should get some nice gains.
Good luck everyone