to jocam Thanks Jocam for your post. I must admit i read there announcement the first time and was quite disappointed and hence i could see why the drop in price and yes they will achieve most likley 5.5bcf but nowhere near the profit of last year.
Having 30mmcf coming online and some successful exploration in the second half of this year too sure up reserves is now critical in my opinion for the longer term success of Petsec as well as purchasing further leases for exploration.
Can someone tell me what there current reserves are at now? How many years left for the company??
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