AmokSo If i own 30000 shares I get 3000 extra shares. This was...

Amok

So If i own 30000 shares I get 3000 extra shares.

This was done in July 2010 when the shale potential was hardly known.

Anyway it doesn't change the fact that even after this split the total shares on offer is still very low.

SNE also raised some more capital last year in august 2010.

Looks like they are now fully cashed up ready to explore.

http://www.proactiveinvestors.com.au/companies/news/9333/somerton-energy-to-raise-a138m-for-oil-and-gas-exploration-9333.html