STU 0.00% 94.0¢ stuart petroleum limited

First sales, page-2

  1. 5,426 Posts.
    STUART PETROLEUM NL
    ASX Code: STU
    ORDINARY FULLY PAID Industry Group Oil & Gas Exploration & Production –
    Shares on Issue 58,370,000
    Market Cap ($) 32,743,200

    480 barrels a day at $26 USD or $49 AUD = $23 520
    $23 520 x 365 days = $8 584 800 Stuarts share is 75% or $6 438 600 and indication are this will double.
    If so earnings of $12 million dollars and the company is only valued at $32 million with more holes to drill.
    Why is this wrong and why is this company not worth a lot more????

    Can some one help? Am I missing something?

    Gyro
 
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Currently unlisted public company.

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