re: well spuds - shareholders screwed The very fact that the...

re: well spuds - shareholders screwed The very fact that the Main Pass drilling has started may have been a signal for some to sell not wanting to hold throught the program.

And that's understandable because if Main Pass disappoints we could see the shares back at 60 cents. They wouldn't deserve that sort of treatment but then again they don't deserve to be where they are now.

The market speaks and we just listen. Personally I am going to hold through the wells because a disappointment here would not be company threatening. Painful in the short term yes but something PSA could easily survive.

And if it is successful, as the company seems to think it will be as it buys a production platform etc, then we might start to see the beginning of the Petsec re-rating.