whos going to ?, page-19

re: petsec post agm lunch... old man river "if you say they are going to produce 60mcf a day, that would equal total production of 21.9bcf for (say) the 2005 year and wipe away almost completely their reserves.
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By years end Petsec will have added at least three more wells to the eqauation "Vermilion 258 B# 1, 2, 3"
(I am hoping at AGM they will shed more light on there size)

PSA production facilities and delivery pipeline for Vermilion 258 is rated at 45mcfd This platform has a planned upgradability to 60mcfd. Production start should be first around 20mcfd .

Then further targets "Vermilion 258 B# 1, 2, 3" are to be drilled before years end. Going by Petsec's track record they should be successful and producing by November.



This will be in addition to PSA's existing productive wells

I do not see why 60mcfd is not achievable (I am tlaking about "new discoveries" that will be added to a growing stable. This said some of PSA's finds should start deminishing next year)