Petsec Energy Limited (PSA)



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General Information
Company Name: Petsec Energy Limited
Stock Code: PSA
Website: www.petsec.com.au
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 28
Equiv. Shares (M): 231

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.120 $ 0.120 $ 0.120 $ 0.115 $ 0.120 46,000 0%

Company Overview

Business Description:
Petsec Energy Limited (PSA) is an oil and gas exploration and production company with its operations in the shallow waters of the Gulf of Mexico and state waters of the Louisiana Gulf Coast region of the USA, and exploration activities in shale oil projects in Canada and the USA.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -0.7 -0.3 -- 0.0 0.0 0.0 --
2012  A -4.3 -1.8 -- 0.0 0.0 0.0 --
2011  A 33.7 14.6 -- 1.1 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Beach Energy (BPT) $1,447 M 0.8455 -0.3936 0.0515 5.6200 9.2685 8.8142 1.79 3.59 4.24
Oil Search (OSH) $13,247 M 0.5489 1.2497 0.5992 50.8772 22.6150 14.1417 0.51 1.45 2.75
Petsec Energy (PSA) $28 M -- -- -- -- -- -- 0.00 -- --
Santos (STO) $12,229 M 0.1518 0.1234 0.3927 24.0023 21.3661 15.3420 2.41 3.24 4.26
Woodside Petroleum (WPL) $32,512 M -0.0512 0.4517 -0.1688 17.0734 11.7612 14.1489 7.05 6.75 5.65

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
PSA 3.00 -- 0.70 -- 1.44
Market 1.13 13.6 1.00 1.02 3.00
Sector 1.04 11.9 0.75 0.82 3.97

Directors
Name Position Start Date
Mr Terrence N Fern Executive Chairman,Managing Director 21 May 1987
Mr David Allen Mortimer Non-Executive Director 01 July 1985
Dr Peter E Power Non-Executive Director 21 July 1999
Mr Mark Lober Non-Executive Director 23 May 2013
Mr Alan Baden Non-Executive Director 23 May 2013

Management
Name Position
Richard J Smith Chief Executive Officer of Petsec Energy Inc. (PEI)
Paul Gahdmar Company Secretary
Ron A Krenzke Executive Vice President of Exploration of PEI
Ross A Keogh President of PEI and Group Chief Financial Officer

Substantial Shareholders
Holding Name
30,826,876 (13.34%) Canning Oil Pty Ltd and its associates

Calendar of Events
Date Event
14 October 2015 Report (Quarterly)
25 August 2015 Report (Interim)
22 July 2015 Report (Quarterly)
16 April 2015 Report (Annual)
15 April 2015 Report (Quarterly)
24 February 2015 Report (Prelim)
21 January 2015 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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