Q1 MD&A Delays after delays. One good tidbit is that they have purchased well heads and tubing for 2 wells for CPO-5. Should mean they are expecting the permits "shortly".
THey had better farm out Peru though. I hate seeing a $10M carry on Peru 135 for seismic. Also, the $30M wells with heliportable rigs on the peru blocks are certainly not worth the risk for a junior with sub $50M in cash.
So much potential being slowly erroded away by delays and bad markets. THe clock is certainly ticking for PDQ, but they should have 12-18 months before cash becomes a problem. Lets hope they can get some positive catalysts in that time.