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Yes I mentioned a few months back that a JV with a senior...

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26/01/18

09:25

Post #: 30586957
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Originally posted by UniTrader ↑

Agree with all here and I'm not trying to sit on the fence . The war is the elephant in the room - don't talk about it.... yet clearly if you or I was a participant every thought would be on the fight and safety would not be a God given. And so PSA do not say who is winning or the consequences.... They wait. And when we wait PSA require inflows of funds to stay afloat. They have assets as we all know. Concerning Yemen, they can bring in an investing partner in each asset. Are these assets undervalued ... only in the case of war. As this continues perhaps "light at the end of tunnel"may see them valued higher.

Or perhaps agree to sell the huge gas reserve (550bcf) at Block S-1. This is a wildcard but nevertheless is worth a lot of money. Remember our 1(one) bcf of gas from Hummer sells for about $3m in the US. Maybe wrong, but I thinking International prices may give upto twice this and Total in Yemen probably get more for the LNG produced.

But I'm Ok with the wait so far and can continue with this view until funds become the issue and not the so called trucking approvals.

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Yes I mentioned a few months back that a JV with a senior partner could be the strategy. We do have a large payroll.

You made a great point which I had not thought of, but in hindsight should have, that it would be difficult for the MGMT to make comment on the war as that could make them a target.

PSA Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
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Yes I mentioned a few months back that a JV with a senior...

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