Yes commsec has been selling for weeks apparently. Must be a...

Yes commsec has been selling for weeks apparently. Must be a retail trader wanting to go elswhere because all the instos that were involved in the 2003 capital raising have long since gone or so I believe.

The opportuntiy cost has been heavy when you think what ARQ and OSH have done over the last six months. Still holding and waiting for the market to appreciate a growth story should pay off in the longer run.

Last year the preliminary earnings result was out on 8 March so we may have a little while to wait.

I hope those onshore well produces more than 1 mmcf a day each for Petsec otherwise all the cloak and dagger stuff will seem a bit unnecessary.

Some announcements just ahead which hopefully will get the bad news out of the way and prepare the way for a bumper 2005. Even if gas prices sink to US$5.00 over the shoulder months Petsec will do extremely well.