Thanks Jocam. As well as the increasing production, the good news is that Petsec is earning at 80 odd % on most of it, an improvement on the 50 odd % they had from some earlier leases.
With so many companies going into the USA gas market this year, perhaps PSA will benefit from heightened interest in the sector? Other more junior companies will often be competing for attention, but always presenting what a good business USA gas currently is.
Looking forward to the Main Pass drilling. With the previous drilling success record, and PSA already locking in the production platform for Main Pass, I am easily confident enough to hold through this one.
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