SAE salinas energy limited

Yes its an interesting one.So the complete initial dev of NSA...

  1. 3,188 Posts.
    lightbulb Created with Sketch. 332
    Yes its an interesting one.

    So the complete initial dev of NSA cost $15mil US including steam plant so just under $3 a barrel based on 5.5mil recoverable.

    If they get to use it for McCool as well then the price per barrel goes down further.

    Admin costs - I am presuming are relatively fixed i.e. nothing unusual happened that quarter - we will soon see if 800k a quarter is normal.

    Prod costs of $1.5mil - I am presuming that again the prod cost per barrel will fall away as they start to put more through the facilities.

    I do agree with you that this quarter will be keenly watched as will their ability to fix McCool and get Paris valley started.

    All in all though I still trust these guys and they are one of the larger shares in my portfolio.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.