With forecasted oil price will drop below $25/b next year, and the announcement of cutting the opreation cost, (which means no more positive cash flow), together with SAE's performance when the Oil is more than $100/b is very poor, current poor cash reserve less than 5 million, and very weak buying side, I predict the SP will drop to the 6.0-8.0c range soon.
(I doubt how SAE calculates the real production cost,which is definately immipossible around $10 dollor pb with such a niche), may be that amount is just cover the field lease fee,not including labour, transport ,insurance and selling fee)
SAE Price at posting:
10.5¢ Sentiment: Sell Disclosure: Held
