I would have to disagree Clacoste. The tenements alone if they were to sell on todays lan values are worth 60C a share. Then add earnings etc and increased prospectivity and the valuation is much higher.
I don't agree oil will go back to $50 AUD. Despite the swings seen oil is still $120 per barrel AUD today so we have not lost any ground. The only thing that would wreck the oil price could well be the US losing its master currency status.
Internally things are going as fast as they can go.
I would like to see the flow rates. Just remember none of the wells are on pump yet and will flow for many years.
SEA is a steal at present but just has not got the market recognition . They have 18cps in cash alone.
Just like the rest of the market it is undervalued and debt free.
SEA Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
