As STU followers know, STU have until 31 March, 2009 to elect to drill a second well in VIC/P33 and in so doing will earn 50% interest in the permit. By not drilling this second well they will end up with no interest in that permit.
Given Bazard 1 cost around $28 million I presume that the STU guys analysising the techncial data through a microscope so they can make a best guess decision.
Does anyone have any views regarding the prospectivity of Vic/P33 and a potential Bazzard 2, or what the market reaction will be if STU do/don't drill Bazzard 2?
As STU followers know, STU have until 31 March, 2009 to elect to...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
