Beach Petroleum is a peer comparison for STU in that it will produce 1 million barrels with half at market and half hedged at $A54 per barrel. Beach has used its cash of $35 million to buy into the Anzan Bass Strait project to give a longer term production. There are also a number of wells both onshore and offshore to be drilled in the next 6 months.
In terms of drilling ROC would be up there will both its offshore Perth Basin program [up to 37.5%] + Mauratania program.
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
