PSA 0.00% 2.1¢ petsec energy limited

discovery adds about 25c p/share, page-2

  1. 13,961 Posts.
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    My understanding is that the gas was already fully factored in. Also oil at about 1 mmbo had aleady been mentioned, but what wasn't factored in was:
    *firming it up confidently as 1.1 mmbo AND plans for immediate development, rather than in 3 or 4 years after the gas.
    *very positive remarks about further oil in the area
    *further general enthsiasm about MP 18/103 gas, and a schedule for drilling it in Q3.

    IMO the announcement has probably added about USD 10 to 15 mm wrt to G-6 (10 to 15 cps) AND maybe a further 20 cps wrt MP18/103 exploration. Just by back of envelop try.

    Entropylord
 
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