Quote from Burdett Buckeridge Young Limited (BBY) Nov 18, 2004...

Quote from Burdett Buckeridge Young Limited (BBY) Nov 18, 2004 Analyst Article

Onshore – Louisiana – 3 Leases (17.5% NRI) The Company is gradually changing its strategy by entering into the relatively lower risk,moderate reward onshore Louisiana. PSA secured a 17.5% NRI (25% GWI) in three leasesonshore Louisiana. It is understood that the low-key nature of the reporting reflects a desire to lease additional prospective land. Typical prospect sizes for PSA are in the 5-10bcf range. The fact that PSA has taken a mere 25% GWI in these permits may indicate that the potentialreserves are somewhat larger, perhaps in the 10-15bcf range. A three well program to test this potential commenced in November.