PSA 0.00% 2.1¢ petsec energy limited

Ann: Petsec Enters in PSA for Sale of Its US Oil an Gas Interests, page-6

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    Nominal amount normally reflects $1.

    It avoids all investment funds needed to maintain production and abandonment costs. These are gas heavy assets in an environment where Henry hub trades at <$2. Too much price uncertainty in these assets and the need to conserve capital.
 
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Currently unlisted public company.

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