I didnt see any STU people at APPEA - they certainly didnt have a stall there, and they dont appear to be trying to find farmin partners (they didnt present at the Farmin Conference, which I was at).
The $64 question with STU is can they afford to drill all their prospects ? They certainly have a scary program commitment (email me if you want a summary of what everyone bid).
The reason that is an issue is they havent announced a farmin deal since the PEL93 Worrior+Karbine deal, and given their statement they they are looking for prospect-by-prospect deals I suspect they might be looking for more than the market will bear.
Ian Whitchurch
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
