all looking great. with already 2 successful drills in last few weeks at mobile bay plus another 2 drills already started at eugene island and according to february report another 2 to start at the moonshine project anyday now petsec is in for a very busy month or so.
together with main pass production cash flow kicking in and with the very recent success's to generate cashflow quickly a share price closer to the recent bby report of over $3.00 is a strong possibility I feel.
hopefully with the share price currently so low any drilling failures should not effect price to much long term as it is already deeply discounted below current reserves value in my opinion.
just my thoughts however the recent bby report on the petsec website does reassure me somewhat and the companys 2 new successful wells only add to that.
chart looks great also as long downtrend is finally over
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