PSA 0.00% 2.1¢ petsec energy limited

I agree on China, there is no compelling reason to keep it. And...

  1. 228 Posts.
    I agree on China, there is no compelling reason to keep it. And unlike Whicher, it's not a potential company maker for PSA, even if successful.

    To add a little perspective. One of the frustrations with China was having to wait so long for the rig. As the year has gone by, we have seen the same problems in the USA. Petsec can't get rigs and Antares can't get fracc crews in a timely manner, for example.

    Mainly I'm encouraged that, due to strong oil prices, there might be an opportunity to offload the China project at a good price.

    Sushi, it certainly is a long delay on the onshore wells. AFAIK the first well is still drilling!
 
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