PSA 0.00% 10.5¢ petsec energy limited

west cameron # 19

  1. 1,317 Posts.
    We must be getting close to a result from West Cameron #19. Not sure it will do anything for PSA if successful as it is the smallest of all the West Cameron prospects. That is unless the well comes in better than predicted.
    Seems likely PSA will soon have 5 producing wells on West Cameron which will give PSA a great cash flow for the next two to three years more than sufficient to fund an extensive drilling program and meet development costs when/if Vermilion and China are proved up. Sooner or later the market has to wake up to that revenue stream.
    Lagging oil price seems to have affected many of the oilers today, falling prices and little volume. Good to see AWE doing so well, don't hold but wish I did.
 
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