Whatever happened to all those possible drill locations that they had from the purchase way back when?
Were they all duds or are they just uneconomic to drill at the current price?
Sad to say, but IMO PSA doesn't have much of a future in the USA with regard to GOM - pretty soon there won't be any rigs and the insurance will be too high.
Only thing is maybe they could salvage some of the $100 million or so on the purchase.....
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