whos going to ?, page-30

re: petsec post agm lunch... Astronomer "there is a liquidity requirement too which would not be helped by reducing the no. of shares on issue."

I would say to "shore" up stock prices with a strategic buy back would give better direction for share price than a dividend and less cost. It would correct the plunges that happen/minipulated because of low volume sales?

The fundementals for PSA are great and growing however it is an expensive game aside from drilling costs they have to bid for the right to drill and then get a go ahead

PSA has a so far a Total of 9 producing wells

2002
Ship Shoal 184 #1 Oil/gas 1 producing well
Ship Shoal 191 B1, B2, B2 Oil/gas 3 producing wells
West Cameron 343/352 A13, A17, A18 Gas 3 producing wells

2003
West Cameron 343/352 A14ST, A19 Gas 2 producing wells

2004
Vermilion 258 No 1 Vermilion 258 No 2 are awaiting the production platform/pipeline (US$7.8 million) which would be very close (Now?). Production is expected to be 15 to 25 million cubic feet of gas per day