SEA has a market cap of $740 mil and their 1Q14 production averaged 4157BOEPD and they are targeting 8000-9000 BOEPD by end of year.
So they have about 10 x our current production as they are probably already at 6000 BOEPD and about 10x the market cap so about on the same valuations looking at just that.
Perhaps they are both undervalued but I haven't compared reserves,cash,debt or land holdings as I'm too lazy
Looks like SEA is trying to become an AUT and we can only hope we get there one day but will require more cap raises just like them.
SSN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
but I haven't compared reserves,cash,debt or land holdings as I'm too lazy
