Interesting closeInteresting struggle between the "uppers" & the "downers" ! Close to14,000,000 shares in total traded. Should make for a very interesting close.
With the phone conversation between TH and Ralph Gilchrest obviously he can't say much as it is not an offical format.
One disturbing comment he made was : "is deferring it's growth plans until oil prices recover".
Does this mean we will not see Langur-1 in Q1?
Also what does he mean by: " PTA is substantially carried for two high impact wells......" I assume he is referring to the fact Parex will bear the majority of the cost?
The good news is they are doing whatever possible to reduce costs to protect whatever small margins they are getting for the oil.