PSA petsec energy limited

reserves, page-3

  1. 3,353 Posts.
    I think the problem with the Vermillion #258 well, it will be hard to say until they get stuck in there and start producing. It's not that big a deal in my books because they only will have 1 half of a year's production from there anyhow, so we will know one way or the other by the end of the year whether or not they are correct.

    What I see is 20-30 bcf of reserves vs 4.5 bcf of 2003 production. They have plenty of time and cashflow coming in to look for more.
 
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