Petrominerales Ltd PMGLF

Mis-Management Discount

[oilwatcher13]

I think you may be forgetting that this management group has lost all credibility in the investment community. Just listen to the conference call and the tone of the analyst questions. The management was not aware of having to re-submit an environmental assessment for two of their most prolific blocks thus resulting in no exploration taking place on these blocks in 2012. (I don't understand why production has dropped from 38k bopd to 26k bopd- duh?) These guys must be incompetent not to recognize their actions or lack thereof have caused the rapid 15 month share decline?) 

They are talking about further delays in the submission of the EIS to allow further drilling? I think they select drilling locations by throwing darts at the map. Sounds like less drilling next year as well, they are to just continue to buy back stock to try and increase the share price!!

We need someone to buyout this group of clowns IMHO.....