PSA 0.00% 2.1¢ petsec energy limited

For B2

  1. 1,317 Posts.
    It is proving a bit difficult to get info on such things as average annual production rates for a gas well in the Gulf, average cost of producing a Mcf of gas there and confirmation that a bcf at current market prices is worth around $A7 million. Then I need to know what taxes the Gulf producers pay and so on. I know roughly what reseves PSA thinks it has at West Cameron. If the current well WC#18 is a success and it should be given it is essentially an appraisal well then PSA will have some 25bcf in this lease. But then I need to know how much of that is recoverable and work out PSA's share. So it is all a bit complicated and going to be time consuming. I have sent some questions off to Platts a US website specialising in energy info so lets see what they say.
    PSA is chewing through the cash though it is all being spent on soon to be producing wells. PSA should start seeing some returns in January and I think (hope) they will surprise the market.
    Will get back to you in due course. PS Could you send me your email again please. JBC
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