Just rember it is only recent deep drilling onshore in South Louisiana below 16,000 feet has resulted in the discovery of large new reserves of natural gas and has opened a new exploration province. Development of the deep potential onshore along with the deep water trend offshore assures that Louisiana will continue to be a leading producer of oil and gas in the future.
I doubt if the continued need for secrecy is needed if nothing big was affot and it is possible for these new fields to contain trillions of cubic feet
Will PSA is still unknown but the best money per share earner IMO Petsec is still very much a buy with very little downside risk. PSA's secrets will soon be disclosed and the price will (imo)be targeting new 10 year highs
PSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
