PSA 0.00% 2.1¢ petsec energy limited

china many tens of millions of barrels, page-3

  1. 202 Posts.
    Hartleys have
    FAR's 5% holding valued up to 12 cents per share (AU$50 Million) 

    413,688,031 (shares on market) x 12 cents give AU$49,642,563

    PSA  137,064,341 (Shares on Market) 25% holding would mean AU$250 Million breaks down to AU$1.82 per share 

    My understanding/assumption is this field is expected to be considerably lager than this estimate as ROC has not yet found the outer limits.
    Last tests still not confirming total size at present much larger than 50 mmbo in place (Not recoverable) but further testing could easily see this figure jump again
 
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