PSA 0.00% 2.1¢ petsec energy limited

Ann: Notice of General Meeting, page-2

  1. 10,613 Posts.
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    Don't see how they get their hands on Tranche 2 for start-up costs in Yemen for the trucking option as they have to be producing significant quantities of oil before they can get any of the funds. Somehow I think there will be significant costs incurred prior to them turning on the taps as it surely can't be that simple. And they can't get 40% of the $5mil until the Marib pipeline is in operation and we'd all be happy if that was within the next twelve months.
    So how many of the diehards from here intend to go to this meeting?
 
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