As expectedBNK's oil production continues to deteriorate and losses mount. No mention of the Albanian tax issues. It occurred to me that management is playing this right. They will continue to kick the Geo deal down the road because if they don't , with oil prices the way they are, the stock would remain weak. With the deal in place the stock will stay around the $2 mark. I really think that if the deal doesn't pass SAFE approvals and oil prices remain weak they will find measures to kick it down the road some more . If on the other hand oil prices firm up to $50+ then BNK may take measures to cancel the deal. It's only speculation on my part but it does make sense. Keep the SP up by keeping the deal going.
Also I find it strange that there's no update on the Albanian tax dispute. No numbers attached to EOR ( not that it matters much).