re: operations update: strong buy As this coming week's Junior Oilers will review there are 16 junior oilers operating in the US or about to commence operations there. Petsec produces more gas than all other 15 companies combined.
The operations update is overdue but it is not as bad as you make out sushi. I'm happy for Main Pass to be delayed as it allows the cash to build up in the kitty . The delayed well will enter production eventually and gas prices may even be higher then than they are now.
Gee, we even got a bit of info about those onshore wells. All in all not too bad and I am buying back in now I can see the way forward a bit clearer.
Current production of around 25 mmcf a day is pretty darn good IMO.
PSA is going to announce a lower profit this year than last and maybe that will impact the share price but 2005 is looking pretty good.
re: operations update: strong buy As this coming week's Junior...
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