RedChip Awards PetroSouth Energy Corp. (PSEG.OB) with $3.00 Price Target
RedChip announced that it has initiated research coverage on PetroSouth Energy Corp, an emerging oil & gas exploration and production company that has non-operating working interest in highly-prospective leases in Colombia. PetroSouth Energy has one producing well and another currently being tested. The company anticipates reporting revenue in the next quarter. PetroSouth Energy is led by highly-experienced executives with oil and gas expertise as well as access to attractive deals. They have already proved their competency by raising $6 million to fund initial operations and have a solid track record in the oil and gas business. The RedChip Research Analyst who…