Previously from STU: "Arwon is assessed to contain up to 15.5 million barrels of oil in place in three reservoirs [McKinlay, Birkhead and Hutton] and 2.5 BCF of gas in place in the lowermost Patchawarra formation.
The assessed potential 2P ultimate recovery for Arwon is 5 million barrels". ______________________ "The well is expected to reach its first target after 6 days of drilling and to be at total depth after 14 days of drilling". ________________________________________
Drilling has now commenced.
My post 371005 of 21 Sept. gave a target share price should the ARWON well be successful. That is about $2.20. Current price is $1.03.
Proving up a well constitutes risk. Please do not invest if you can't afford this risk or can't tolerate it.
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks. To visit archived posts, please use the Search button.
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
