Martin Place Securities presents Petsec Energy

Martin Place Securities presents Petsec Energy

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

ADDRESS

Heritage Executive Boardroom
Westin Hotel, Sydney
1 Martin Place
Sydney NSW 2000

Seats are limited, so be quick to secure your spot.

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