Petsec Energy has been an oil and gas explorer and producer in the Gulf of Mexico in the US for over 20 years with a very impressive exploration success record.
The increasingly severe regulatory environment in the Gulf, coupled with diminishing exploration target size and low gas prices, has dictated a change in Petsec’s strategy.
New targets in the Middle East and a new operating team is revitalising Petsec. The acquisition of tenements in Yemen for peppercorn prices has given the new Petsec a pathway to near-term substantial oil production and a portfolio of development targets worth multiples of the current market cap and share price.
Attached is a research note prepared by an experienced independent analyst and a recent presentation from the Company can be viewed by clicking here. You will note the analyst conservative base case is for a share price more than five times the current level.
Please come along to lunch next Thursday to meet the Executive Chairman and his team and to hear first-hand about this remarkable opportunity.
START TIME: 12.30 p.m.
DATE: Thursday, 20 October 2016
Heritage Executive Boardroom
Westin Hotel, Sydney
1 Martin Place
Sydney NSW 2000
Seats are limited, so be quick to secure your spot.