good news soon

SAE has been doing little when compared to some of the other small oils. We should hear something at the end of this week/early next week on reserves for Salinas Basin, with poduction commissioning in August this year. Conservatively then, this stock is on a PER of 3-4x for this year and next, way too cheap, given that crap stocks like Santos can trade 20+x next years earnings and still have an environmental disaster to look after/ignore and hope it goes away. SAE has been off the radar which has allowed a good buying opportunity, but catalysts for a significant price rerating are here within a few days. Management is also solid and real