Ann: Petsec Energy September 2014 Quarter Report, page-2

At last!

5 exploration wells over the next 9 months should ignite some interest.... having a very meaningful 37.5% interest in the next well is encouraging.

Prospects range from 17 to 66 BCFE where PSA should be exposed to gross 150-200 BCFE. PSA historically had their greatest success in growing the company through the drill bit..... if they hit a similar success rate to the past and they keep to the schedule they could have 3-4 new discoveries by mid 2015....serious contemplation about finally loading up on the stock again.

Cheers

Dan