I wonder if PXT is "playing Down" their Big "E" plays?? Little info provided about setbacks.... we are basically told there were technical difficulties and we are left with the impression of failure.
But if you really think about it, Arauca did HIT and the well was one of PXT top producing well, and Arantes ran into "technical difficulties" before anything could be found out, so it could still be a success area..... this is what I understand.......... WHY PXT does not mention this, clearify things, I don't know why.
They are doing buybacks, a lower share price does work in the companies favor..... but I don't believe this would be the reason for their lack of information to shareholders.