re: another underwhelming announcement - jojo Hi entropylord,Yes...

re: another underwhelming announcement - jojo Hi entropylord,

Yes you are right the latest result was not great but we will still get some oil from that one.
Its not always going to be working out not even in the cooper with all the good leads that point to a possible success.

I am not too worried as only one wild cat drill could make up for it all and STU keeps drilling that we can be sure of.

They are producing at the moment more then 2500 barrels a day and more upside from taparoa and Padulla coming in.

I like that and especially once all the hedges are gone.
Once that happens this company could be producing around the +3000 bod which means with oil @ A$100 per barrel around A$210000 profit per day.

I believe that STU has everything in place to generate a lot of cash and going to produce around 1 million barrels in the next 12 months.

And I believe that we will see more oil as long as they keep drilling.

jojo

HDR to hit the $3 soon