re: new gom leases for omr
There are a number of junior oilers and miners that seem to have an exemption from publishing a full quarterly cash flow report. PSA is one Horizon is another. PSA does include a "Finance" section in its quarterly activities report but this is not the same as a full cfr. Maybe PSA will be a bit more forthcoming now that it actually has cash flow to report!!! Good to see support for the stock in the low thirties. Next milestone is the final annual report which I understand will include some of the missing links like Scott Ryder's independent corroboration of the reserves at West Cameron etc. On the new leases, it would have been helpful if company had included info on targetted reserves at Vermilion, whether they are gas or oil (understand gas) and what infrastructure facilities are available. Guess we can ask for these by email. Understand Chevron was interested in selling its interest in neighbouring Vermilion 245 so maybe Petsec can bid for these as well and then set about developing the leftovers there and the other targets in its new leases. Cheers. JBC
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
