I agree they screwed up a winning PDP. Their obsession with oil sands, turned out to be a white elephant and their obsession with the Brilliant, a stubbon well , which 30years ago has difficult drilling by larger companies, they spent lots of money on it, add to that the asset backed investment, argentina's comminist regiem.Wine's experience that Mr.Dick boasted about did not help him, they collossallt wasted money. On the contrary, GTE from its humble roots built companies one well at a time, GTE as almost the same ages as PDF, all most the same operations, PDP's were even better , PDP managent were all talk, GTE,they cannot talk but they do,little bit paranoid, but safe,they are ho-hum but look at them, they built cash and with cash you cannot go wrong, and no debt, the 300m shares may look like very high,but as the company grows reservers, cash and production, it will be irreleveant, and they do not have to issue any more shares until they decide they have to buy and that is not happening any time soon, IMHO as they have enough holding in Peru, Colm and Argenita. Apparently PDP's Peru holdings are very high prospective.

It was wrong to spin PDP to begin with and totally focus on oil sands, what is hard about operating both, instead of being aggressive in oil sands they could have both and they could have gotten their so called 40k/bb both from SA and oil sands and now we would be laughing as the GTE early investors are doing

B