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In reply to: arty on Tuesday 29/07/08 12:45pm

And they've used that $17mil in capital raisings by spending $15.8mil in successful development costs enabling them to raise production to 1,000 barrels/day and remaining debt free.

Their cash balance of $6mil at the beginning of the financial year has been maintained.

On an EBITDAX basis it is easy to work out that they made $US2.4mil in the month of June.

No debt.

Looks cheap.

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In reply to: Marsupial on Tuesday 29/07/08 06:39pm

I speculate that we are seeing the remaining stock of Oceanic still being sold (under the 5% declaration level) . The long term trend is still up despite the selling .

 

It has let me down previously but today I bought more as I reckon this is near enough to as good as it will get .

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http://www.sharescene.com/html/sharesceneradio-logo.jpg

Recent ShareScene.com Radio Broadcast (30/07/2008 10:00:00):

SAE - June 2008 Quarterly Report - Mr John Begg, MD

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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  • 2 weeks later...

In reply to: Marsupial on Tuesday 29/07/08 06:39pm

Hi Mars.

Are you attending Good Oil? I was hoping to make it this year but with my pending departure to Europe in early September I have no time now. Was hoping to meet John Begg in person.

 

Would you kindly report back your opinions after? many thanks

 

Very good buying today at 28c, some incredible opportunities out there. It won't last long IMO.

 

 

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QUOTE
I've changed my position a couple of times
and again now http://www.sharescene.com/html/emoticons/wink.gif

Hey - I've even taken note of their cash flow and buy-back reports. Both seem to support the change of market sentiment as evidenced in the chart.

post-16-1218765178.gif

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In reply to: chimera on Friday 15/08/08 12:09pm

I would like everybody to thank me personally for the change in sentiment regarding SAE...

having held out from selling any the whole way down - I finally succumbed and sold a few over the last couple of days so that if they dropped any lower I could average down.....

and I sold at basically the very bottom!! http://www.sharescene.com/html/emoticons/grrr.gif

 

Still, I hold a lot more than I sold so hoping for a solid uptrend and not an opportunity to get that stock back at cheaper prices! http://www.sharescene.com/html/emoticons/rolleyes.gif

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http://www.sharescene.com/html/emoticons/rolleyes.gif Anyone going to the Good Oil Conference in Freemantle? If so, it could be a chance for some of us to meet up. John Beggs presentation in Sydney was excellent - will be interesting to see what he has to say in Sept.
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