oil soars while stu pumps, page-2

I think 4th qtr production will be down on the last two quarters.

COE have estimated their 4th qtr production at ~75kbo, down from 115kbo for Dec and Mar qtrs. Given they have added production from Parsons field I would guess that Worrior is declining.
Worrior field production got a nice boost from Worrior 5 & 6 appraisal wells but it wouldnt be surprising for those initial high rates to have come off now.

STU needs another big find, Bazzard might be it, if not, the $25mil cost of the well will send them backwards for a while.

Also, there is some uncertainty as to how they will fund the refinery project and how long before it makes money for shareholders.

Was great buying a while ago at $0.90 to $1.00