T72P seemed to think that they (PVI) were also under capitalized and possibly he could embellish a bit more about that? They are also partners with Sterling offshore Netherlands. I also think that Stewart Gibson is a director...
That's right...they tried to float an IPO (through MacQuarie I think) this spring but got swept out to sea by the tsunami. Who would buy their paper when you can buy SLG and get Romania for free? No way they can carry their weight once the drilling starts.
I don't like Stewart Gibson being on both boards either , especially since he has very little SLG stock and has been selling. I think he should have stepped down to avoid conflicts of interest.. And if the Netherlands was his idea, i like it evenless.
Nevertheless, still long and waiting for the bit to start turning to the right in the Euxeinos Pontos.