PSA 0.00% 2.1¢ petsec energy limited

On reflection sushi's sleuthing while clever in itself may not...

  1. 1,317 Posts.
    On reflection sushi's sleuthing while clever in itself may not actually be in our best interests. The company has said over and over again that if it was able to provide more information on those onshore wells it would. For the time being the information is commercial in confidence to enable them to build up a larger acreage holding.

    Lets think for a moment. These sands they have intersected are obviously at considerable depth. Maybe they are so big they extend onto adjacent properties where all the owners have to do is drill some of their wells a bit deeper to grab their share. As far as I know there is no unitisation in the United States, its finders keepers.

    I think we should all give the company some breathing space to get on with job at hand. They will tell us what they can when they are ready. And you never know they could be protecting a potential Bcf field, who knows!
 
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Currently unlisted public company.

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