STU 0.00% 94.0¢ stuart petroleum limited

re: + + drilling of arwon has started + + If Arwon is dry,...

  1. 2,834 Posts.
    re: + + drilling of arwon has started + + If Arwon is dry, Stuart are going to announce the Worrior pipeline project, which will cut a couple of bucks off the production costs for Worrior oil, and allow the field to run at max rate (?4000? bopd with 2 wells).

    If Arwon is wet, then Stuart are going to announce the Worrior-Arwon pipeline project which will cut a couple of bucks off the production costs for Worrior oil, and allow the fields to run at max rate (?6000? bopd with 3 wells).

    Either way, there are news events.

    I'd personally expect Stuart to drop back about where it was before this spike, but with day trader madness you can never really tell ...

    Ian Whitchurch
 
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