PSA 6.82% 4.1¢ petsec energy limited

$18mil profit for half year

  1. 7,295 Posts.
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    This stock will report in early Sept a profit of $18mil+(before tax,but with no tax to pay) for the half year to 30Jun03 and should earn $22mil in the second half.
    They are drilling two wells this month at West Cameron in the Gulf of Mexico-the first of which will spud within a week-they have a 100% success rate with these wells so far and these wells have the potential to double their reserves.
    Plenty of news forthcoming over the next month to push this stock towards a dollar.
    There are less than 110mil shares/options issued so it has a market cap of less than $85mil-not bad for a company that will earn $40mil this calendar year.
 
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Last
4.1¢
Change
-0.003(6.82%)
Mkt cap ! $16.34M
Open High Low Value Volume
4.2¢ 4.2¢ 4.1¢ $679 16.20K

Buyers (Bids)

No. Vol. Price($)
1 22838 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 9583 1
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Last trade - 15.25pm 21/02/2020 (20 minute delay) ?
(live)
Last
4.1¢
  Change
-0.003 ( 16.3 %)
Open High Low Volume
4.1¢ 4.1¢ 4.1¢ 4300
Last updated 15.25pm 21/02/2020 (live) ?
PSA (ASX) Chart
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