PSA - ASX Oil & Gas Explorer - stock price value AUD$0.091 cents per share (or US$0.065 cents per share) ....
PSA has ...
1) no debt ,
2) approximately US$20mil in the bank,
3) two (2) producing wells bringing in approx $3.5 mil a year
4) has three new exploration wells in train ("Hummer", "Rauser" and now "St John Bayou")
5) has only 233 million shares issued ...
I have no idea what's going on with this share price ??? ... But when doing the maths using the above facts you get the distinct impression that the share price is "BALANCED" ??
PSA Price at posting:
9.1¢ Sentiment: Buy Disclosure: Held
