Petsec's fortune cookie

AFTER posting yet another disappointing full-year result, all hopes to stem the sliding fortunes of oil and gas exploration junior Petsec Energy hinge on its exploration base in China, where the company and its joint venture partners have signed off on a $US300 million ($A295 million) investment.

Petsec's fortune cookie
Petsec's fortune cookie
Petsec's fortune cookie
Petsec's fortune cookie
Petsec's fortune cookie

While announcing its 2010 full-year result, in which Petsec booked a loss for the second consecutive year, the company will also shift focus from being a predominantly gas player to developing

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