SAE 3.45% 14.0¢ salinas energy limited

oil $70 bodes well for salinas, page-2

  1. 11,693 Posts.
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    Sure looks interesting this one. They have found a column of 300 metres of oil. Surrounding wells suggest most or all will be commercial, so estimates of over 100mb's look fair enough.

    25% to sae, so over 25mb's, plus other targets & plenty of cash in the bank. Mkt cap $115m. All looks pretty good for lots of upside & limited downside, imo.

    Further testing results due anyday now!
 
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