PSA has two more prospects two drill at West Cameron so...

PSA has two more prospects two drill at West Cameron so grahamc58 you will get your extra wells before too long. They will be cheaply drilled from the same platform as the currently producing wells. Production from present wells will decline slowly but remember they are producing from one reservoir at a time and they have seven reservoirs altogether to deplete. Should last at least three years without any additional finds. By my calculations they are currently pulling in more than a million dollars net A WEEK. That is 19.5 mmcf a day at a conservative $A 8 an mcf so $156,000 a day, $A 1,092,000 a week or $A 4,368,000 a month!!!

These wells were drilled in September and went into production in January,not bad going by any standards.