RE:RE:RE:RE:The Facts about PTA (to Ingiboy and the new shareholders)
Cheap CF multiple.. has nothing to do with what African AIM companies trade at. forward cash flow, not back. Las Maracas is declining and paying higher royalty.. cash flow is drying up fast.. finite range of contribution from the asset. Next wells in the drilling program - do they have rigs and environmental permits? Not for all.. so counting at least some wells that can't/won't be drilled in timeframe cited. Putamayo, home of the most expensive wells and most interruptible production = production worth less. thread keeps referring to barrels per day, nobody even corrects for [low] working interests of every one of their properties (50% is the highest WI in the company, and every block is non operated, and they aren't an operator in the country - yet they still have a COO oddly enough). returns aren't made if the wells are more expensive than the cumulative oil coming out, which seems to be lost on this thread. Other operators like Range have thrown in the towel on two other Putamayo blocks thus far in 2014 instead of rushing ahead like PTA to bend their pick harder.