Ann: Petsec Energy Annual Report 2010 , page-4

not a bad time to sell with oil at current prices !

reading between the lines, I agree that they may look at one of the current offers favourably. nice position to be in though - take a good offer, or, carry on and pay their share in the development.

with 230 million shares issued, we could be looking at 30
cents per share for a sale !?! let's worry about what they do with the money later.

A.G.M. in a month's time might be interesting ...........

I added a few more to my 'pile' today.