PSA 0.00% 2.1¢ petsec energy limited

Fike, Can't believe we're having such a bad run rate of results...

  1. 202 Posts.
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    Fike,
    Can't believe we're having such a bad run rate of results for prosecuted wells ...
    Cossinade, English Bayou, St Charles, Ruth Bravenac and  Southwest Holmwood were all not commercially viable ...
    Mystic Bayou came up good and it's now producing at a good start up rate of 5.011 mmcfg/day and 348 bop/day ... This is in addition to our Adeline Sugar Factory well which produces 9.8 mmcfg/day and 60 bop/day ...
    Mystic is a welcome addition to the production chain ... and it's discovery helps pay for past setbacks ...
    Still unknown and drills to be Started/Completed ...

    Northeast Starks - Sept 2015 - ??? (Started)
    Bayou St John - Sept 2015 - ??? (to start soon)
    Hummer Prospect - Sept 2015 - ??? (Started)

    There is still "plenty of gas" left in the PSA exploration tank ....
    I understand that "Hummer Prospect" if successful, has a lot of opportunity.
    My desire is to see all the above three make a contribution to the company coffers and help stimulate a floundering share price ...

    Go PSA !!
 
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