SAE already announced in last quarterly report that :
1, Major capital expenditures at NSA now complete.
2, Remedial well work in April is expected to increase production at NSA
3, Salinas expects to be operationally cash flow positive for the remainder of the financial year.
4,The Company is seriously considering any proposals that add value to shareholders.
So I am not surprised that SAE replyed to ASX that it didnot know what it didnot report. It is a bit tricky!!!!!!! Production increased, but how much??? Now the buyers are not you and me, may be only the staffs who work for SAE, or their friends, they know what happened there. definitely insider trading!!!!!!!!!!!!!!!!!!!!
I think the production has been back to 1000b/d level.
SAE Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
