PSA has moved forward in its development and has now started to address the reserve(s) question . It now has a basic number of production wells to safely maintain levels , whenever recompletions are required .
The ASX is now valuing at $1.28 PSA with more realism , compared to other oilers .
H2/04 should see solid advancement into a mature stage of development , more consolidation in the GOM . China is way off in contributing anything worthwhile . China is years away . GOM is the now .
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