sushi1 to psa bod: kma, page-12

Unless PSA gets that extra gas and the third well comes in at least those figures, the entire project will basically be a wash with gas at $US7 per mcf.

Another chapter to be written in the sad book of events for PSA. It can come right after the chapter on Beibu Gulf.

If Beibu is so good, they should be able to flog it to ROC or one of the partners. More wasted time, money and effort on something that never should have been undertaken.

PSA should stick with the GOM - at leat it finds gas there if it drills and as far as that is concerned, the next chapter is now being written:

Main Pass

I wonder how long until we get new info about that? How much longer before the spud? The rig was supposed to be available in "late March or early April"....

Well late March has come and gone. It is April and despite yesterday's announcment not a peep about Main Pass.

Another long waiting period?????

IMO: Of course - it's PSA