expect 2c es

Given oil-price stable at above $60/b, production stable at 400b/day, we can still expect 2c earning per share in the near future.

profit US$ 30/b * 360*400= US 4.32 million = A$ 5.5 million

Minus staff cost 1 million= $4.5 million net profit

=2c earning per share.


If SAE can increase production to 500b/day

=3c earning per share

If SAE can increase production back to 1000b/day

=7c earning per share

as long as oil price > $60, I think the risk of this stock is quite low.