PSA petsec energy limited

Not likely.  Looks like someone is trying to prop up the SP...

  1. 1,268 Posts.
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    Not likely.  Looks like someone is trying to prop up the SP until they get CR away.  


    We need to learn to treat the PSA announcements and commitments with a grain of salt. Look at what they do and not at what they say.


    Any new plan for Yemen production should be treated like the old plan - I am now betting that they will not produce in Yemen before 2020, if ever.


    Whilst Hummer may prove OK it will have a minimal impact on the SP.  Remember 10% of 8 wells is like 80% of one  - not much to inspire the SP !

 
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