Dondon,

I agree with you on the need of cash. No argument there. But the issue is:

Cll's/PDP's management including Gary Wine were totted as experience, what is experieince if you do not see danger coming. When POD1 was up CLL reached $6 and mind you at that time DG was talking about pipe line and ALgar and 50k in 2015 and oil was over $100. So with all this lofty plans and oil is high, "experienced" managment would think about how they are going to fund this project and would have raided money at $6 even with the dilution we could have been spared teh heavy deb that will bring us to our knees if oils falls to 30 even briefly.

The same thing with PD. You cannot see Argentina regressing to communist days, but when you face it you think about funding and you shoud have atleast some humulity not to go where the pro failed (La Pinta), The farmout must have been done before to minimize the risk. Look what GTE did, it started with hodge podge shared production with partnerships and when they had enough cash, they boughr production and now no det and 250milion shares. Now they are increasing their 100 owners and slowing.

PDP did very well in a short time, but talking about how WIne is expert will not save us. They talk about the potential of Peru, but if they do not produce it , it is for the long term and you know what the economist John kenth said: " in the long run we are all dead"

They should merge PDP and CLL, issue new shares, consolidate debt and start producing in PDP operation ASAP.

PDP and CLL are going broke in a virbrant oil market and this is due to a visionary who suddently whent blind, DG.

Believe