I agree, lots of good news and the sp is sluggish to react to production news. But the 'big' price increase/s should come with the exploration programs. That’s my hope.
AS to a take over from Chevron (or Aera – read shell - they are next door to Chevron at SA) or any other local 'asset' lot/oil company, I dont think so. All (the local big guys) would have had the chance to pick up the NSA asset on their doorstep, the mineral owners would have tried to sell it to Chevron etal before turning to a company of SAE's size. That seems to be the way it works - get a deal, tout it, run around and do homework, etc .. keeps the legal boys busy. Then get the best deal. In saying all this, this deal was done at v low oil prices.
SAE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
