PSA 0.00% 2.1¢ petsec energy limited

Let's certainly hope this is a decent result with an oil...

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  1. 66 Posts.
    Let's certainly hope this is a decent result with an oil discovery, this well has been a complete disaster to date wrt progress, cost and technical issues. Noting PSA's revenue interest is only something like 10% and 75% of that revenue has been quarantined for the repayment of debt (which presumably they could renegotiate if this was well is a decent producer). Have been in this stock a long time and it is about time there is some good news, however, based on recent history....
 
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