PSA 6.82% 4.1¢ petsec energy limited

will not be long now, page-19

  1. pj
    2,090 Posts.
    re: re:price and volumes Hi Jim again,

    So you think that by "gross reserves" they mean "overall recoverable reserves" and by "net" they mean "PSA's share of the overall recoverable reserves" after deducting the share belonging to others.

    I'm not sure that that would be the usual interpretation of the words "gross" and "net". And I've yet to see the word recoverable mentioned anywhere by PSA.

    Oh well, I suppose it would be too much to ask them to spit it out straight - like are we talking one year's reserves or two??? I mean that's only $50m difference. Wouldn't be anything left much for the market to mull over I suppose.


    pj
 
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