Tastarga. Heres the deal with the $3mil rev/mth.With the new wells online,worrior2,derrilyn etc,Tino said STU can produce enough oil to achieve sales of $3mil per month.I guess around 60/65k brls /mth,45k brls hedged at average AUD40.31,unheged brls sold at USD45+. They are progressing with tanker availability as outlined in the Oct activities rpt,and have already estimated 50k brls for Oct and an increase for Nov.So once the tanker issue is resolved completely,and oil stays above USD45,we should get our $3mil/mth.I would hope from Dec onwards.
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Held
