PSA 0.00% 11.0¢ petsec energy limited

china oil not until mid 2006

  1. 6,599 Posts.
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    Today's announcement from ROC is saying that if the appraisal drilling is successful then the development won't produce the first oil until mid-2006-I'm sure PSA said that production would begin second half 2005 in their Dec presentation-I know there's been a three to four month delay in the drilling but I'm finding it hard to accept that production won't commence until mid 2006.
 
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