RE:RE:RE:Cash on handMonzie, you can expect an answer that will best serve the pumpers of this board. The company is losing money at current brent pricing. Estimated 3 consecutive quarter loss should be expected. It could exceed the remaining cash on hand of 60M, with 35M towards debtentures (if paid). The Surocco deal cost further dilution of PTA with some cash paid out to holders who chose that method. Something close to this anyways I suspect.
I would wait to buy, the chart/price action and drilling plan illustrate further depreciation in the shareprice short term. Im waiting for sub 0.10 cents, and will look to off-load at 0.15 much later in 2015. At current brent pricing, PTA is losing the cash on hand for general expenses and ~2 wells before the end of H1. There will only be perhaps 2 wells drilled between now and June. Wait to buy. The company presentation illustrates most of what I say combined with some speculation of my own - seeing that PTA is not an operator on any field, and are subject to the decisions of their partners. They will not replace H1 2014 production in 2015. The company presentation spells this out plain and simple.
Expect a poor 2015 indeed. I'd be willing to chat on the phone to anyone who thinks otherwise. Cheers.