gone to sleep...., page-3

PSA and it's partners have spent $4 million for further 3D seismic (striking good quality Oil in process) This has identified several tens of millions of barrels of recoverable reserves. The only problem is the delay in waiting

There may be futher upside if "China National Offshore Oil Corporation (CNOOC)" does not take up the 51% stake.

I believe CNOOC are building a house of cards supported by debt! PSA know's what the downside if things go wrong with CNOOC's "bubble" it has already happened to them and are now in a very cautious climb back up