Have to disagree with that 87. Any US results and production, no matter how good, will have limited if any impact on the SP. The main game is Yemen. Whilst you are correct that they do have it, it is worthless if they can’t produce. The AGM has again confirmed that the PSA leadership is over promising and under delivering. We are now coming up to 2 years since they stated that production will start in the next quarter.
I am betting the quarterly in 2 weeks time will either back away from the AGM commitment or merely state that they are continuing to work with the Oil Ministry.
PSA Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
