good oil conference, page-7

re: to jocam First part of the Petsec story began in Australia in and around Nockatunga in Queensland. Oil prices hit them in the 80s so they sold up and went to US (GOM) to begin second chapter/resurrection. They bombed in the late 1990's on high debt levels, low oil/gas prices and exploration disappointments. This then is their third come back and is nothing to do with China.

Drilling at Vermilion West is scheduled to resume September/October.

And yes I am buying back in. Selling by instos who got shares in the pre Christmas float all but over. Or so it seems.