re: to stoss69 and grahamc58
The Petsec presentation at the Good Oil Conference will differ from the Denver presentation in two respects, one it will leave out all the monobore technology stuff which is a favorite of Ross Keogh and which while interesting in itself is not going to determine the future of the company.
Second the presentation will indicate tht Petsec has a net 40 bcfe exploration potential in the Gulf (Vermilion East, Main Pass plus other GOM leases and 10 mmbls of oil in China.
Presentation will also project an EBITDAX of between A$20-A$27 million in 2004 as against A$20 million in 2003. (Note no mention of relative profit figures)
Upcoming September October drilling is two accelerate production at Vermilion West. Fern told me today they has as many as 5 prospects at Main Pass though added that it would take them 5 months to bring area into production. Also added that they canned the Vermilion East drilling this year because rig was not available unit November
PSA Price at posting:
0.0¢ Sentiment: None Disclosure: Held
