to omr or jocam9 (or others), page-3

My current view:

1. Qrtly report will update us on the questions you are asking.

2. I think success at Main Pass is the key for going forward and adding to reserves.

3. Gas prices, who would have thought they would be above $7 at this time of the year, but there you go. Certainly very profitable for them at this stage, but is also a function of hwo much they are producing as well.

4. The weather, well who can control that. All I can say is that PSA are well poised to make super profits should it go really hot, but am not banking on this.


What I want to see is how quickly is the cash building up. To me delays at Main Pass are a blessing in disguise as it will allow us to see just how quickly the cash builds. And if it does build, well maybe a dividend may come across the horizon in 2006 perhaps, or 2nd half 2005 even.

Roll on qrtly report.