SAE salinas energy limited

annual report

  1. 3,202 Posts.
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    Anybody had a good read through it.

    Some new information about the number of wells in total required to drain NSA, more information about the peak flow under stage 2 at NSA, and an upcoming property swap for two more solid redevelopment / drilling of existing deposits in the pipeline this year.

    You can read in some of the frustration they have had this year around Paris and that they are truely trying to minimize their costs due to the credit shakedown. From that I read that the buy back is on hold for a while.

    Top 20 is interesting reading, but of more interest is the top 218...

    Looks like 218 people hold over 100k shares each and between then hold around 75% of the company.

    Not bad from where I sit as it looks like people have been quite happily soaking up the overhang of shares as they have come onto the market.

    Have worked out that I am on m way to the top 20, just need to keep buying!
 
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