Highly unlikely arq will need equity funds. they are taking a 6 month break precisely to let funds build up so they are not always under a squeeze. as someone pointed out, ideal time for corporate activity maybe.
one of the interesting points i pulled out of the psa announcement is that they appear to have an as yet undisclosed forward drilling plan. the only wells to date are the two in june. the new announcement alluded to wells planned for later in the year.
PSA know the gom very well. i interpret the announcemnt as good news
i hold both arq and psa. there are interesting similarities between the two (undervalued based on current reserves, no value given to blue sky, huge production cash flows, large $ stakes by management). easily, imo, the best two oil/gas stocks in town.
By the by, Stu is drilling two very interesting wells in the cooper basin in june with coe. Another company at a discount to oil production.......
- Forums
- ASX - By Stock
- PSA
- new gom leases
new gom leases , page-5
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PSA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online