Well Petsec has confirmed its onshore drilling is under way and it looks like a definite program of three wells. I wonder if we will have to wait until all three wells are drilled before learning the results.
Somewhat unusually for PSA ( I know what you are going to say Sushi) there is no indication of target size or the number of days they will take to drill.
Looks like they are your typical layered GOM sands which I guess increases the chances of success and if they are deviating from a previously productive well that should lower costs and shorten the time it takes to drill.
Little bit of interest inthe shares at one point today but largely from me!!!
Good to see gas prices staying strong.
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Held
