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Business Description: Petsec Energy Limited (PSA) is involved in oil and gas exploration and production in the shallow waters of the Gulf of Mexico and onshore Louisiana Gulf Coast region of the USA.
Strategy Analysis: PSA's objective is to grow shareholder value by increasing oil and gas reserves through oil and gas exploration and acquisitions. This is to be funded principally by internally generated cashflow. PSA seek exploration and production opportunities in highly prospective areas where production and development infrastructure is available. Making use of 3D seismic and subsurface data, PSA undertake low to moderate risk drilling to discover resources previously overlooked or too small for major producers. This allows development of discoveries, early return of capital and ready access to markets. The focus is on gas in the Gulf of Mexico and onshore Louisiana Gulf Coast region of the USA, and on oil in the Beibu Gulf off the south coast of China.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...
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