The two substantial reserves upgrade by PSA have been almost totally overlooked by the market.(USA 3.6BOE and Yemen 5.6million barrels of oil). The main difference between PSA and all other smaller oil companies is the possible potential for big INSTANT cash flow if Yemen works out. At this point the market says its not going to happen. Just take the time to work out the numbers which could be in the region of A$1.9million /week just from Yemen. After all these years in the wilderness a big re rating could be on the way for PSA. Investors should not overlook this forgotten share.
PSA Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
