SAE 3.45% 14.0¢ salinas energy limited

Test results on the MacCool prospect due out within days. This...

  1. 226 Posts.
    Test results on the MacCool prospect due out within days. This is a low risk, low impact (ie about 15c per share) prospect. If it comes in, the stock should bounce pretty well as it is significantly oversold already. The much bigger (ie 50c to $1 ps) Yowlumne well is due to test a week or two after. So timing is good to get in now. Existing cashflow easily supports valuation at these levels.
 
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Currently unlisted public company.

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