Nice announcement has surprised on the upside. 2300 BOPD from...

Nice announcement has surprised on the upside.

2300 BOPD from the Mcinley Member. The expectation was for 500 BOPD. This does not include oil from the newly discovered Birkhead formation where a net pay of 4m was discovered.

For reference - STU produced 40,000 barrels for the last quarter so this well will substantially increase production.

Market cap just $40m.

Significant CSG potential also is the sleeping elephant in this one.

http://www.asx.com.au/asxpdf/20100906/pdf/31sbysdyps1htp.pdf