PSA 0.00% 2.1¢ petsec energy limited

quarterly report, page-7

  1. 12,924 Posts.
    lightbulb Created with Sketch. 1852
    yes what PSA do with the 47.2mill will decide PSA future
    they need to get their production higher they have round 8-10bcf in reserves now this full year their looking at only 2.5bcf production lower the production the lower the profit margins the hedges have been great but unless Gas goes higher PSA EBIT will be low to nothing
    -
    better off selling the reserves , would rid PSA of the rehabilitation obligations...

    ...holding hoping to see some smart moves going forward ,we all remember their last major purchase that they took on the debt for ....then sold

    they shouldn't need to raise any cash the major postive
    many good assets needing funds to proceed hoping they are looking at many options an not just the shale option if the right deal comes along ..




 
watchlist Created with Sketch. Add PSA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.