Eddie not sure I agree with you, Petsec has been in the Gulf a long time and knows the area well, if they think they have 30 Bcf of 2P reserves I 'd be inclined to think they have a bit more than that, rather than less.
Petsec is one company that is now very careful about such things unlike a few others that we both could name.
Anyway I guess only time will tell. The really important thing is for PSA to continue to increase reserves and revenues per share which is the real test of a producing junior oiler. It is doing both at the moment.
PSA Price at posting:
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