RE:It`s about what they are producing now and their futureThat's a very good point and is what we are now seeing unfolding.
Arpetrol was driven into a significant negative working capital position as a result of added costs of the first FV well in 2012.
That is now behind them and they are self financing for all of their 2014 capex needs.
But its inconceivable that this highly experienced management team with significant skin in the game will sit on their laurels in 2014.
The FV field with nearly 7 Mmboe of badly needed natural gas won't sit fallow much longer.
With rising natty gas well head prices, expect to see the field either sold or the first FV well will be completed.