These are the numbers: Zero debt,zero interest expenses,cash Those who are interested in reading facts and the big picture and they need to see the followings:
-In Q4 2014, once the temporary blockades ended, PTA's FFO was as high as US$16.7 million with increased production at almost 6,000 boepd. This proved wrong all those shorties aliases who posted numerous times that PTA had negative FFO in Q4 2014, because it had only US$1 million FFO in Q3 2014. They glossed it over.
-See the metrics and the EV for other juniors in Colombia and Latin America:
AMER (Amerisur), production 4,500 bopd, business in Colombia right next to Petroamerica, and current EV at US$375 M in London.
AEN (Andes Energia), production 3,300 bopd, business in Colombia and Argentina and current EV at US$180 M in London.
https://www.lse.co.uk/SharePrice.asp?shareprice=AEN&share=ANDES_ENERGIA
PPC (President Energy), production 430 boepd, business in Argentina and Paraguay and current EV at US$80 M in London.
https://www.lse.co.uk/SharePrice.asp?shareprice=PPC&share=PRESIDENT_ENRGY
Petroamerica with production at 4,600 bopd now has EV at only US$60 Million and is Debt-Free. It has US$27 million cash and US$11 million in restricted cash. Zero debt and zero interest expenses.
So PTA trades US$13,400/boepd and US$7.65/boe of 2P reserves while it paid for Suroco's reserves US$22/bbl and for Suroco's Production approximately US$45,000/boepd last summer.
Do your own DD, do your own comparisons: the conclusion will be the same.