RE:RE:SAMSON's Bankruptcy, PESO-USD: DEVALUATION Continues in AUGmirage2014 wrote: Cash is king and PTA has it. The Q release shows more COH than I expected. Any thoughts on when the credit facilty will be finalized.....thanks.
PTA has TODAY, pro forma the PNA deal, US$25 million CASH,
excluding the restricted cash, and ZERO DEBT !!
So PTA's market cap now is ONLY US$50 Million (1 USD = 1.3 CAD) at C$0.60, although PTA has US$25 Million in CASH and Zero Debt and Production more than 4,000 boepd, and NO LIQUIDITY problems !!
and according to the Q2 2015 report:
" Management is actively exploring opportunities to rationalize its portfolio of assets and is currently in discussions to obtain financing with terms that are advantageous to the Company. "