SEA 0.00% 16.5¢ sundance energy australia limited

a very positive week coming up for sea

  1. 4,409 Posts.

    I see this next week being a very positive week for SEA, firstly if your not on board it is too late to grab more from the share placement. Therefore any new potential holders will have to buy on market as the record date was 29th March. Probably the reason for the doji posted Thursday and the bounce yesterday, all shares traded at .14c.

    Their "Strong Focus on Oil
    as per there presentation in March as the key issue here, not like those playing Nat Gas; Oil is very bullish and Fridays Crude Oil broke out. (see chart below)

    As per Ann 1-4-2010 - Expectations of this coming week!



    Boomerang Prospect Highlights



    6 Northridge wells scheduled to spud next week; final wells in 17 well drilling program



    5 additional Meyer wells set to send production down line shortly



    Final 2 Meyer wells scheduled to be fracced next week


    - The other positive factor is
    Directors will be buying
    in as part of this C.R.
    providing this is agreed to upon at the meeting which in my view will be just a
    formality as S.H.s would be crazy to say no.


    It is important to take into consideration, they will
    now be in a strong financial position to bring many of these wells
    into production and positive cash flow
    and have stated there should be no
    further C.Rs for this coming year

    Participating in 50 wells, 10 in Colarado and 40 in North Dakota
    .


    Please note - SEA Chart has an earlier
    resistance of around .2 which is not shown on the chart, reason? I see this as getting smashed pretty soon!




    Light Crude Chart



    SEA Weekly Chart

 
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