Spud Date was July/August. Production expect late next quarter from the USA. This on its own can bag up the share price.
Provided we continue to put downward pressure on corporate costs, the SP should appreciate. I doubt any premium is loaded into the SP on the Yemen assets.
I cant see our price dropping to the low teens with spuds due any day, but if it does then It could indicate good long term value, with short and medium term upside. Its easy to get drunk on oil, but PSA is not smoke and mirrors. Its real and is unfolding. You cant "un-find" what they have discovered or acquired. We could do with a little bit more BOD love.
PSA Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
