quarterly report: it sucks, page-3

re: quarterly report: extremely good Sorry, but IMO the results stink.

Again, I'd sure like to know how they can make plans to write-off the ENTIRE Price Lake amount before the second well is completed, hooked up, and producing and the third well is even drilled.

A portion of the costs might have to written down, but that right now is about all they can say before the results of the other two wells are in.

Again they have shown that as soon as they deviate from their area of expertise - the GOM they end up costing the shareholders money. Beibu was the same as Price Lake.

Will Moonshine be any different?

Again for all that money they spent on Price Lake and the salary and benefits for the USA execs, we shareholders got a bum deal.

If they are going to try to play in the big game of NG exploration in continental USA, then they should go with the companies that have a good track record.

Here are some for you to look at and PSA should have done the same. The best part is that the tip is free and it doesn't cost a cent:

USA symbols:

BEXP
CRZO
EPEX

No wonder the share price is down.