re: location of arwon and production costs.
Notice the 2P in place went from 7mmbls in the last quarterly to 15.5mmbls in the September briefing-isn't 3D seismic interpretation a wonderful thing? STU's reserves around the 3.2mmbls recoverable at the moment-if it goes according to prognosis Arwon will more than double this figure!!! At $15 per mmbl that suggests a value north of A$100m, or $1.75 per share!!! Go you good thing. Yes I am way long. Cheers,TAS
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
