News Release - Horrible as Expected1) For the fourth quarter of 2014, the Company's net loss was $54.1 million ($0.06 per share diluted),
2) Drilled ONE WELL in 2014. Drilled the Langur-1x oil discovery on the LLA-19 Block which is currently on long-term test; STILL?
3) 27M is CASH, and 11M is RESTRICTED, after debt payment, not what Perdkaoilgas says (LIAR).
4) Here it is!! The Company has revised its capital spending projection for the first half of 2015 from $20 million as announced on January 12, 2015 to $12.9 million.
5) No Operatorship as The Company was notified by its farmin partner on the El Porton block that it intended to withdraw from the El Porton farmout agreement and not drill the Calatea-2 exploration well.
6) In addition, due to a combination of the delay in the Langur-2 well and a number of operational issues, including pump failures on key production wells on both the Las Maracas and Suroriente fields, the Company projects that production for the first six months of 2015 will average approximately 4,200 boepd, down from the 5,400 boepd that had been previously projected and announced in January 2015.
BUT IM FULL OF LIES HEY PERDS - LEAVE THIS BOARD!!!!