PSA 0.00% 2.1¢ petsec energy limited

looks sick, page-4

  1. 3,469 Posts.
    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..........!!!!
 
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