Nil debt, with steady income source from NSA delivering positive cash flow and self sufficiency in funding for further drilling prospects.
North Paris Valley acquired, with planned drilling to commence next week to help determine commerciality of the field...
Junior exploration and oil producer, $42m Market Cap, $3m cash with highly prospective assets in Vietnam and NSA. Plan to increase production by 100% in 2010 that may well ride projected increase oil prices.
Patterson gave SAE a $0.25 target.
hmmm hmmm...
will keep an eye on this.
LM
SAE Price at posting:
14.5¢ Sentiment: None Disclosure: Not Held
