re: petsec post agm lunch... old man river "I only value what has been found already and generally equate NIL to exploration upside until something is actually found. And, yes, if they find more at the new
wells, well then truly huge upside"
PSA only (so far) target already known small reserves that bigger companies have no interest in. Vermilion 258#B 1,2,3 (low risk) are to be drilled this year The AGM should give exact dates for drills
That said north of Vermilion 258 #A 1,2 & #B 1,2,3 is V 245 Field with 465 Billion Cubic Feet of gas.
South is V 265 Field with 220 Billion Cubic Feet of gas that I have not added to Petsecs Value as PSA has not yet given specifics about them
All is a VERY BIG upside at a time with energy prices increasing. Petsec drills in GOM are very low risk targets
