I am with you on that , but not sure why we didn't pick up a couple pennies here with oil and markets both up .oh well . oil pushing $100 again ,and it has been the trend on the ASX in regards to SEA to me it seems it's always lagging reaction , buying doesn't happen in anticipation but after the news comes out . so I guess once the SA deal is done we will get a big bounce once the check is deposited in the bank , looking for the re-rating but when you take out SA not real sure what "TOTAL reserves" number will look like ..... going to take some looking at individual plays to get the real appreciation of the reserves versus last reserves report ....just stating this because some people only glance at the big picture number and if SA is removed ?? like it was stated by someone the other day, SEA projected 2000 boepd plus exit rate 2012 what if they miss ....well if they miss it will be because they sold off 500 boepd for mucho dinero , so if overall reserves are below expectations it would probably because of the same reason .. excuse me for thinking out loud , good luck all
SEA Price at posting:
75.0¢ Sentiment: ST Buy Disclosure: Held