PSA 0.00% 2.1¢ petsec energy limited

half year numbers are out, page-2

  1. 10,204 Posts.
    lightbulb Created with Sketch. 1938
    Yes a good result - admin costs were $3mil instead of $2mil om my model and amortisation charges of $4.6mil were higher than I figured-they must have charged the recompletion costs instead of capitalising them.
    When taking into account the cash on hand it has to be remembered they've got $7.3mil in current payables-must comprise mainly royalty costs.
    Now we have to hang on tight for the result of the #A15 well by the middle of next week.And then maybe a decision on them going into ASX300 index to be announced on Sep12.
    But Vermilion drilling at the end of the year is going to be so important to reserves/production going forward-much more important than China IMO.
 
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