question for sellers, page-19

I suspect a lot of buyers only want to know about the GOM story and are waiting for the end of the China programme. They don't want to be caught up in a sell-off like the one that followed the 1st China well.

As a result I expect a quick bounce after we get the result of the 3rd well next week, even if it's a flop - a case of sell the expectation, buy the fact!

I topped up today, bought a few for $1.08, would have bought more except for China, if the current market flushes out more selling it will go lower IMHO.

If the current China well is a dud I would like to see PSA exit the area and announce it was using the freed up funds to accelerate its GOM programme, maybe at the AGM.

Cheers