re: Ann: Petsec Energy ASX 4D and Half year f...
I noticed, perhaps incorrectly, that in the second Marathon well PSA only has an 8.0% Working Interest (W.I.). Would that not equate to probably only a <6% Net Revenue Interest (N.R.I.) and that Lifting and Operating Expenses (L.O.E.) are deducted by the Operator up front monthly. One might suspect, even @ 50MMCFD (extremely sucessful) and natural gas prices hovering at $4.00+/-, Marathon #2 won't be running the PSA cash register over by any stretch. It might just keep paying for overhead which seems to be the real goal of the last few years, does it not?
PSA Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
