It means the sec asked for clarification on the news release. It should be well noted that pxp also trades as an adr in the USA but has no volume of any. They are not out of reach from the SEC authority as they would like you to believe.
The statements in the previous releases were beyond forward looking statements and somewhat contradicting. The authors at fault more than MVP and pxp.
They had said that pxp in communication with cnooc. Where in fact it was more like an email or unanswered voicemail, or at best a message left with cnooc headquarters secretary, that they are ready when cnooc is ready.
I'll take the news as it also points a clear path of action when this moves forward. Regardless of what the philipines says, cnooc is not just a corporation, they are China itself, a state owned corporation no different than a go r agency, except this one trades on the stock market. Lol. Cnooc will not jump or even flinch without orders from china so they will not
Reply until
China gives the ok.
That article was more about letting investors know that at least pxp is ready and with a fast course of action. The sec simply wanted to knoware they I. A two way conversation or not. Also what seems to be dropped from the original statement what's a line that MVP said, if we can't get the govts to agree to get this going we might as well forget about service contracts there." Since then MVP said he's actually quite hopeful that this was getting done despite that quote sounding defeatist. When quotes are read the get misunderstood without it's implied. Connotation. All signs show it's getting done but nothing in life is guaranteed. Duterte could have a heart attack tomorrow and the replacement could do a seitcheroo. Nothing is certain but it looks 78.5% getting done in my book with the odds improving daily.
