i am amazed that there has been so little discussion about Bazzard (drilling now).
There is a risked target of 100 million barrels of oil, there is a direct hydrocarbon indicator on seismic and STU has 50%.
Sure - they are paying but Strachan calculates that a successfull outcome is worth $12 a share to STU.
Thats a 10 bagger kids..
Has to be one of the highest reward plays going at the moment. Personally, I dont want to be out of this and I have opened a CFD position iwth a stop at $1.00
to add to the above Comsec have a buy out perform.
Also modern 3D seismic indicates several zones of interest.
Worth a look to speccy players I M O
STU Price at posting:
$1.19 Sentiment: ST Buy Disclosure: Held