re: looks deceptively sick
There appears to be a number of "questions" on how good the EBITDA is actually going to be ; they are only going to get 61.75% of net revenues from the gas wells;being 50-80 klms offshore, what are the high costings on pipeline+the skid production platform;Both these factors will put the squeeze on the EBITDA......$$. PSA have not said much to give encouragement on probable gas reserves , only that it could be pre-drill estimates......but ??? I did note that employee options granted as at end Jan 03 @ 30 cents payable.... It is easy to see why the stockmarket prefers AMITY OIL :AYO: over this stock..........!!!!
PSA Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held