Should b business as usual for STO as KG finalses the company's...

Should b business as usual for STO as KG finalses the company's 21st Feb Full Year results slideshow.

Despite the 5-6 week production loss from the facilities shutdown by Exxon due to the PNG Quake last year they've still recorded a decent Sales Revenue of USD3.696 Bil. Back in 2014 when POO was at USD103/bbl they generated USD 3.641B from 63.7 mmboe.

Things in the West will get busy from March onwards as they mobilies the jackup rig to spud Corvus-2 as a backfill to Reindeer gas facility.

They got the tailend of sales revenue from the Quadrant acquisition i.e, USD 80mil revenue from 2 mmboe sales from 27Nov to 31st Dec (gross production for QE was 18 mmboe). So should all go well in March/June qtrs with stable Oil & LNG prices alongwith steady production, STO should have decent numbers to show going fwd.

Q2 is when the action starts at Dorado-2 so that should b on everyone's radar.

STO's last Oil development was at Exeter-Mutineer apprx 75 mmbboe in 2005 & subsequently the nearby Fletcher-Finucane which went offline in June 2018. Before that it was the Legendre JV with WPL-Apache 45 mmbbls from 2001-2010. Barrow Island still tricking a few barrels since the acq of 2P-43 mmboe for AUD240mil from Shell in March 2000. Stag was sold to Jadestone in Nov2016 for USD10m gross. So for now they'll keep the Oil production going from Quadrant's acquired fields in the Exmouth for the next few years before bringing the next field online (hopefully Dorado) in the early part of next decade.