Recent announcements indicate that STU are covering the hedge(45000brls/mth) with production from the Worrior and Acrasia fields.(Worrior#1 2000brls/day = 1400brls/day STU share + Acrasia 400brls/day) The 1st qtr activities report due Oct should confirm that, and give us some guidance on production from the new fields/wells I look forward to additional unhedged sales from Worrior#2, Derrilyn, Harpoono, and RS West (coming on line for the 2nd qtr). All things being equal,we should be cruising for a huge increase in revenues FY2005. And of course there’s potential from Arwon.
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
