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 Go to there site and sign up for free info 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
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
