STU
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0.00% 94.0¢ stuart petroleum limited

Simaeseparrot,Nahh. What they are doing is called "spin".This...

  1. ian_whitchurch
    2,834 Posts.
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    26/10/04
    10:51
    Post #: 628401
    Simaeseparrot,

    Nahh. What they are doing is called "spin".

    This was a disappointing DST test. They expected oil in the McKinlay, not a little oil and a whole bunch of water.

    Now, they might be able to drill Arwon-2 to go updip in the McKinlay and get to the oil cap above the water, but Arwon-1 will find the McKinlay a tough formation to make money from.

    Ian Whitchurch
    STU Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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