SAE 3.45% 14.0¢ salinas energy limited

n y update due, page-5

  1. 3,116 Posts.
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    solid cashflow from NSA,

    easy growth in resources from McCool

    Slightly more difficult / costly resources (initially) from Paris valley due to new infrastructure but far larger reserves on offer

    NY being redrilled starting any day, its more of a development drill than anything else as we know oil is there, its light and sweet and flows.

    Then you have the rest of the basin which it sounds like they have spent lots of $ working up a plan for.

    All I can say is go back again and relisten to the BBR recordings and then consider what John has accomplished in his first 18 months and how that measures up against what he set out to do in his first 3 years (i.e. he's half way through the time)

    If you do all this you should find a reason to at the minimum hold, if not buy more.

    Sorry that it is a brain dump but need to go to work
 
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