re: Ann: Acrasia 5 Development Well - Progres...
cracker of announcement!! Their recent drill results hve been fantastic!
990 barrels P/D!!!!!!!!!!
70% of that is their's! thats 693 B/P = 250,000+ barrels per year. Add this to W7 and the other drill results to come.
I know long term reserves may not be massive, but this stock is surely well undervalued now. Not even considering hte blue sky potential of the Shale / coal sm gas. oh, there is the small outstanding issue of the fuel depo to be confirmed shortly.......
Surely a rerating to pre GFC share price is now on the cards!
STU Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
