PSA 0.00% 2.1¢ petsec energy limited

Ann: Chairman's Address to Shareholders, page-15

  1. 3,616 Posts.
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    From my understanding the trucking option should be the quickest option to get started on. Obviously everything needs to be checked and tested to make sure production can be resumed quickly and safely. Oil production is inherently dangerous and therefore I would expect a few things need replacing as production hasn’t happened in quite some time. Hopefully our new JV operators have parts needed to do this quickly. Retaining 25% is a good deal for free carry restart with permits in place given the current situation.

    Having ~1000bopd production isn’t small amounts of money given the market cap. This will help with our other permit operation in Yemen as this has larger potential.
 
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