STU 0.00% 94.0¢ stuart petroleum limited

Hi Entropylord,I for one believe that you are right, right with...

  1. 8,188 Posts.
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    Hi Entropylord,

    I for one believe that you are right, right with the fact that the exitement of Derrilyn was a little overdone and right that the market has not sniffed Stuarts great growt potential for the next 12 months out.

    Derrilyn will now produce a bit more oil with the Cadnie formation being a producer always welcome ofcourse and especially at no extra drilling cost.
    And at todays high prices every barrels counts.

    But the second part of this year we should see the real rewards coming up.

    *Major hedging obligations have gone.
    *Increased oil production from excisting fields.
    *New oil production from the Padulla and toparoa fields
    *Go ahead diesel refinary (increasing sales value of oil)
    *Heading towards the 1million barrel full year production for FY2006-2007

    And I am sure that the market is going to wake up when the new production forecast are going to be announced.

    Last but not least for those who enjoy it , they will pay a dividend which certainly will increase with the growt of this company.

    jojo
 
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