Still plenty of reports in the media about the presence of the Houthis, Al-Qaeda and ISIS in Marib province so not expecting permits to be issued here anytime soon.
Petsec must know that these security matters are one of the major reasons why the govt is not issuing permits to them and therefore has an obligation to tell shareholders the whole truth.
We hardly have the means to provide security ourselves against these threats that would heighten if the plant was in operation.
PSA Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held