PSA 0.00% 2.1¢ petsec energy limited

I have not taken alot of interest in PSA uptil today. Today's...

  1. 1,816 Posts.
    I have not taken alot of interest in PSA uptil today. Today's rise really caught my attention --- after reading this thread i thought i'd have a look at PSA's fundamentals.

    I've had a look, and i'm not sure if i'm reading this right...?

    They've producing an average of 18,000,000 cubic feet of gas per day, at a cost of approx $US 0.50 per thousand cubic feet.... and they're receiving $US 5 per thousand cubic feet for this ??

    DO they have any capital commitments, litigation pending, or outstanding liabilities that i am unaware of ??


    This can't be correct, can it ?

    If correct, we're looking at gross cash flows in excess of $50M this year...? .... which is 1.5x their current market cap??


    I have very minimal experience with oil/gas explorers & producers... so could someone please comment on whether my broard assumptions are correct ?
 
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