Fat Prophets gave another plug yesterday. As they say SAE is not a fly by night oil explorer company it is a oil producer. Operating cost of less than $10 per barrel, estimates of 15 mil for calender 08 and est of possibly 30 mil for 09. Co is worth about 70 mil including net cash of about 6 mil and no debt.
But thats not all 50% in Paris Valley with a field of approx 100 mil barrels of oil - in place with potentially 25 mil recoverable
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As a long term investor our day will come when the so called smarties realise what a bargain they missed out on at .30c. I got in at levels twice what they are now and have just been averaging down
Good luck to all when PV results ann and then see what happens
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