UIL 0.00% 4.2¢ uil energy ltd

Speeding ticket?, page-19

  1. 4,041 Posts.
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    Glendronach,
    If you have only just started researching STX I would say you have a lot of work left to do.
    The SCBGP is a complex but enormous resource (dwarfs UIL by a massive amount). It is a completely different play - which I am sure you are aware of.
    My only thought would be to do a lot more in depth research before you write off what stx are doing in the Cooper basin.
    The management team and consultants are ex-shell and board members include ex-cfo of Santos. They wouldn’t be there if they thought it was a crap play.
    Luckily for UIL holders it is now very much derisked. So you get a great deal in my opinion.
    Two massive impact wells in two jurisdictions , when UIL wasn’t drilling anything prior. Hence why their share price was languishing I would think.

    I would grab it with both hands

    IMO
 
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