STU 0.00% 94.0¢ stuart petroleum limited

drilling - please explain, page-2

  1. 5,426 Posts.
    The company has a market cap of about 26 million.
    There is apparently over 2.4 million barrels of oil Acrasia drilling zone

    2 400 000 x $20 per Barrels USD = 48 000 000 USD or Roughly 90 000 000 AUD.

    Flow is about 500 barrels a day with the hope to increase to over 1000 barrels a day

    Company gets 50% of revenue until a couple of bills are paid then 75%. 250 barrels a day by say $ 40 AUD is 10 g a day or $ 3.6 million, which is increasing.

    So I can’t see what the problem is but maybe I got the math’s wrong?

    Gyro
 
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