entropylord Hi Entropylord,We are lucky to be in oilers at this...

entropylord Hi Entropylord,

We are lucky to be in oilers at this time of high prices and basically all oilers especially the producers should do very well.
Going back to Stuart we can soon apply an even higher price to inground reserves especially with Cooper oil going for more then A$100 per barrel.
Once the hedges are gone A$40 for inground reserves for Stuart should not be laughed at , if we keep in mind how quick new found oil is put in production.

Stuart is pretty busy right now and probably a little stretched but I am sure that Toparoa will be put on stream in the near very near future.

I believe you are right with HDR it has too many reserves for future production under its belt and ofcours is now also a producer.
I wish they had not everything in Mauritania but believe it to be much safer then the Middle east or Nigeria for that matter. Lots of upside and worth your big portfolio share (my share is 17%) .

Sad day for my TAP but would have made a small fortune if Jacala would have come in. I am sure TAP will recover soon with these high oil prices.

COE is going to be a winner imho in Madura as I believe they will find hydrocarbons in their first well, but it has to be oil and lots of it.....(but its my guess only)

PSA will be our big lottery ticket with the drilling for the rest of this year. It certainly will have a bottom put under the share price by the increasing gas prices in the GOM and now the 1.1 mmbo that will be put in production.

So just to to go back to Stuart , I believe that the following 6 months are going to be exciting.
I really hope that Padulla is going to come good and that the oil will flow will better in the production wells.
It will probably need to be put on a pump to get the oilflow increased , but lets see what happens.
Tino has been very upbeat about the Padulla discovery and I hope it will be justified.
The 100% ownership comes ofcourse also handy.

And looking at the high diesel prices and the huge amount of diesel needed in the mine industry in SA, like the Olympic Dam, we have a winner with the diesel refinary as well.

So same to you Entropylord sit tight with your oilers because I believe the best is still to come.

jojo