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Re: redinvest post# 3

Friday, 06/08/2012 4:02:56 PM

Friday, June 08, 2012 4:02:56 PM

Post# of 34
redinvest,

I think it is better to check the content of the article you have simply copied and pasted because it is not correct.

PTV now have a 37.5% gross revenue interest in Tartaruga production because they have funded more than their obligational amount of $5.6m. As of September 2011 they had contributed in excess of $6.3m.

Also they have given up their WI in the Reconcavo Basin in favour of a 5% royalty payment in just one block.

The author of the article which you copied and pasted has a reputation on SH far above his capabilities and despite pointing this out to him he still fails to acknowledge his errors which could mislead his many followers.