For anyone who has done business in Mexico, when new bureaucrats are introduced into the approval mix, you might guess that new pockets will need to be filled. It is quite more likely the refiling of the EIA was encouraged by Oceanica probably via Minosa for time to "explain" the environmental issues to the new local
politicians. La mordida.
Don't forget, Shah was initially behind taking this private, may this is a path in that direction.....frankly I cannot see why they would be spending cash buying back shares on top of this P&L and balance sheet.
Shadow, I actually did read most of the 20F and am expecting this to rebound toward the $3 range especially if 1st qtr shows good revenue, and now based upon your observations of the unwarranted plunge. Overall, have to say that the 20F seemed to go beyond the usual boilerplate disclaimers and was not a happy read so I am thinking they are talking this opportunity to flush out all the lingering issues. divestitures, etc., and go from here. Not news, but now down to $77 million in cash with these revenue and earnings numbers is not what I want to see.more of. As mentioned, I bought some shares based primarily on the increased Shah involvement. I was worried about their Petrobras holdings, but looks like they may have bought mostly at the right time.Not knowing about what Shah was doing, I recently bought some shares as well in spite of the many scandals in this quasi state company, the oil is still there and pumping. Trust all is well with you.