STU 0.00% 94.0¢ stuart petroleum limited

Hi lozza,What date is on that report ... is it 2 days old?In...

  1. 5,411 Posts.
    Hi lozza,

    What date is on that report ... is it 2 days old?

    In answer to your question previously, Aussie oil
    companies only have an obligation to report to
    the ASX on a weekly basis, while a well is going
    down.

    This is only an obligation, not a rule set in stone and it
    is also the reason, why operators can dig a well under
    a "tight hole" regime .... this is where NO news is
    released, until the operator is ready.

    A daily report from the wellsite is required, by the company itself and a copy of the main details go to
    the mines department and some other petroleum
    organisations ...

    Oilfield etiquette usually allows the Operator of the
    well or lease to release any public announcements
    first ... though this does not always happen, as we
    saw recently, with HDR ...

    hope this helps some

    yogi



 
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