PSA 0.00% 2.1¢ petsec energy limited

psa reserves (growing)

  1. 500 Posts.
    In January they had 15 BCFE and are delivering (2.44 bcfe 6 monthly) so at 5 BCFE annual delivery it would of been 3 years supply

    selling between US$5 to US$11 a 1000 cubic feet of that gas (Winter the price peaks)

    The latest find adds 5 to 6 BCFE to that total of reserves
    ASX realeases where I obtained the figures
    29 January 2003
    Independent reserve estimates are being prepared. Well log results were consistent with the total pre-drill estimates for the three wells of 25 billion cubic feet of gas equivalent (bcfe) gross and 15 bcfe, net to the Company.

    28 August, 2003
    Net production for the latest half year was 2.44 billion cubic feet of gas equivalent. Production for the second half will be influenced by the success of the current drilling programme and the natural decline of the currently producing sands.

    1 September, 2003
    Production casing is being set prior to the well being completed for production. No reserve estimates are currently available; however, the well results are consistent with the pre-drill mapped potential of 4-6 billion cubic feet (gross) of natural gas.
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