Hi guys, We are due some company specific news in coming weeks !...

Hi guys,

We are due some company specific news in coming weeks ! The recent uptick in oil has done all the heavy lifting of late not the mention some punchy onshore US broker reviews highlighting the undervalued level of this stock. Based on recent releases of the companies quarterly activity reports we should have an update hit the wires next week.

I see an average POO around $45 approx, when using same hedging effect as Q2 we should get a price of oil around $54 for the quarter. I would expect production results, at a minimum, to have them on target to hit their expected year end target of 7000-7500 boepd. This will help SEA print a punchy quarterly figure. If anyone has an opinion of where this puts there quarterly EBITDAX figure I would be keen to hear .. Q1 was $9.9m .. Q2 was $10.3m ... Few updates in the pipeline worth keeping an eye on - all were due in Q3

These include;

The Eagle Ford acquisitions are set to include an increase of 600-700 boepd to underlying numbers.

Update on the marketing / sale of the Oklahoma Assets [Marketing begun in July - sale to fetch ex $20m]

Schlumberger Re-frac results. 5 Eagle Ford wells in McMullen County, starting in the third quarter of 2016. These were expected to yield a 5-6x production uplift.

Completion of 9 horizontal wells in EF in Q3 that would be very additive to production into Q4.

I am sure I have forgotten a few points to focus on but I hope thats a start for us all. All of these have fallen off the radar in regards to news flow as the market has solely been focusing on the oil rally and OPEC discussions. Lets remember its the fundamentals of this company, low cost of production, superior management and how extremely undervalued the SP is to its industry peers as to why we are invested. All the above will hopefully hit the mark and remind some big industry players of SEA when looking for value to leverage into alongside a bullish oil view into 2017/18.

Lets crack through this 20c mark ahead of the results !

Onwards and upwards, Ben