PSA 0.00% 2.1¢ petsec energy limited

What is happening right now !, page-10

  1. 1,220 Posts.
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    Rob - Although I registered, it seems a subscription is needed to see your first article. So thanks for the summary. Your point on gas is supported in that EIA gas storage shows 10 -20% shortfall to that last year (also 5 yrs range) with reasonable prices. It seems producers were not keen to reach full capacity this year even though there was a record number of weekly injections over 100bcf. I might add that this week heavy snow was seen in the USA's NE. And Climate change policies implement gas turbine technology for electricity production.

    But with apologies to all who hear me repeat this, PSA needs reserves -in production- more! And the world will pass us by if this does not occur so I am hoping big for a substantial success in this year's drilling program.
 
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