makes $7mil for dec03 half year, page-7

It's a pity they had to issue more shares but my guess is now that they needed the money to drill additional unscheduled wells at Vermilion that we're going to be told about in this coming week - I really don't accept that the share issue had anything to do with the development costs at Beibu,China that follows the current drilling this quarter - I still believe that the China JV will raise development debt funding to cover those costs.
First dividend for PSA in Apr05 would be my best guess.