STU 0.00% 94.0¢ stuart petroleum limited

rs west reserve?, page-2

  1. 5,867 Posts.
    RS West, (STU 18%),was lumped in with Derrilyn and Harpoono in the Annual Report-the total net to STU was only 400,000 barrels for all three combined.
    Harpoono would be lucky to be 300,000 barrels (STU share 66%,ie 200,000 barrels), but I have seen estimates to 500,000 barrels.
    Derrilyn is 35% STU but no individual figures provided, as with RSW-probably lost within STO until production testing completed.
    Given the current flow rate from RSW and the historic flow rate from Derrilyn, the 'combined' 400,000 barrels net to STU looks very conservative.(My guess double it!, but you know I am biased)
    Cheers,TAS
 
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