It is Now or NeverPRE management has been f$cking creative in destroying shareholders value and has shown its cards!
Clock is ticking, so Alfa needs to do somting before it's too late!
Ohara is still claiming to have plans for PRE on their website. So I hope Alejandro will act sooner than later at least to preserve his investment and diginity!
"Alejandro Betancourt has a growth plan for Pacific Exploration & Production Corp. The company formerly known as Pacific Rubiales is the largest independent oil producer of Latin America." Alejandro Betancourt, controls almost 20 percent of Pacific’s stock, and says growth for the Colombia-based company hinges on its ability to tapnew resources and markets in Mexico and Venezuela. In the meantime, it needs to sell non-core assets.
Betancourt surprised analysts when he resisted a takeover by Alfa SAB and Harbour Energy Ltd. in June, leading them to abandon their bid. Now, as he moves to expand his influence with Pacific, Alejandro Betancourt could bring a boost for Pacific, and establish himself as a leading voice on energy in the region.
"Our long-term view is that Pacific needs to enter new markets to grow”, said Betancourt.
https://www.alejandro-betancourt.com/press-releases