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8,188 Posts.
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27/07/05
12:46
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Stuarts announcement today, has now confirmed the fact that STU is going to make more money on their oil then COE.
Thanks to the lesser hedging in place for the current financial year, we can now anticipate Nett oil production earnings of around $87000 a day.
Now this is $609000 a week which means around $31 million for the full year.
Any upside of additional oil from successfull drilling has not been added.
I can see Stuart as another jewel in the making that has not yet been noticed by the wider market.
jojo
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