salinas valuation significantly higher, page-10

only got time for a quick comment but one thing that has me thinking is NSA was always forecasted at 3.5 - 10mil b oil recoverable. No I am presuming that the variability came down to whether the north lobe conatined oil or not which we now knows it does and it contains a fair bit.

With the updated 3d seismic and well control data, and Begg's comments of "north of 5 mil barrels" my belief is growing that the reserves will come in at 6.5 mil barrels or more.

As you go back and listen to the voice clips and read the releases there is so much detail in the words and tone that to me mean we are onto a big winner here.

Re valuations I place a lot of trust on Annalise from S S and she has given it 46c plus 5mil cash and exploration territory so I personally think 60 - 70c within the next three months is very possible. More than that is possible - how much more who knows but time will tell...

Two of my top stocks this year that I am in RMS and SAE and we have seen what RMS has done, so now to complete my year we just need a major increase in the price of SAE...