Mr Market not quickly forgiving of overpromising and underdelivering. STU promised so much 18 months ago... then delivered diddly. Even now I suspect they are drilling more money back into the earth, than what they are extracting. Many of us were sucked in at that time - fortunately I read the writing on the wall soon enough to bail out in the money. Reinvesting in PSA - say no more about that dog.
And when you say you are going to built a refinery...build it, don't 18 months latter come back with it as an optional subsequent add on to a half share in an import logistics business.
STU has absolutely squandered the opportunity of Worrier - 70% of a 4.4+ mmbo field - to build a company.
Most junior oilers suk. Better to stick with the likes of COE imo. From similiar assets they have done much better. As have BPT.
EL
STU Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held