PSA 0.00% 2.1¢ petsec energy limited

IMOfor reasons undisclosed PSA have been in cash gathering mode?...

  1. 500 Posts.
    IMO
    for reasons undisclosed PSA have been in cash gathering mode? (Finaly dividend mode?)

    They will be spudding the third onshore well sturlese #5 next month with a "#6" being looked at (not sure if litigation attempts are over? A big concern with all onshore development is litigation and the card playing attitude that has to go with it)

    Main Pass 19 is still waiting for a confirmed drilling date? I note they have now two more leases in main pass area. Which mean to me it is cheaper to have a continuos drill program than a stop start one, this also increases share price pressure
 
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