half year report, page-2

Pity the sp hasn't reflected your optimism.

I bought recently only to see more falls. I think everyone has grave doubts over the world economy and this pessimism has effect most stocks especially specs .. which is strange because specs are far more effected by their projects than market sentiment. SAE for example is a quality spec oiler with good mangement and oil @ $100/BBL .. even if a recession causes oil to fall, I cannot see it going sub US$75/BBL. Yes, the falling US$ and Rising A$ isn't helping but that shouldn't effect SAE greatly.

SAE has some exciting acreage to drill and redrill. It's cash positive, earnings are increasing with little debt. It must be a real joy to be the auditor for SAE .. smiles all round I suspect .. unlike other BLUECHIP? companies! LOL! ROFL!!

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