LEEMUR Agreed, I think the market was waiting for the prod output to hit around 2000 boe/pd and then this sale hit. With the previous CEO they missed the stated prod quota's often. As I say the next couple of months of prod reports should be quite good with a couple of SEA owned wells later in the year. If they hit 2500boe/pd by the end of Dec12 Im thinking SEA should be worth at least $1.30. Meanwhile Ill be watching for a selloff so I can pick up some more parcels of shares.
MM
SEA Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held