STU 0.00% 94.0¢ stuart petroleum limited

how would you price 30m b

  1. 28,128 Posts.
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    I have no idea what 50% of a proven 30 million barrels plus 200 to 300 $m gas is worth in the ground - but it has to be worth a fair bit surely?

    It must be a big decision to sell your company maker. An interesting move for a pack of really bright blokes with a good (very good) track record. It makes no sense at all to sell cheap.
    But is does make sense to sell a great asset to build another asset that will guarantee cash flow for a long term, especially for an exploration company.

    We all seem in the dark with this 180 turn. Too many unknowns. Could this be a strategic move by Chinese or Indian/Korean interests? Hmmm, that would be good, they seem to pay high prices for strategy.

    Just raving in the dark. And awaiting my refund cheque:)
    I have great faith in these people, but I am not really keen on surprises - that being said I will enjoy a bottle of Dom if this is a big pleasant surprise :)
    Pinto
 
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