...to saying STU is too boring, too, profitable and low risk for the market to like, or something like that. However I believe it is now time for you to confess to placing the bar too low, at $2.
Perhaps the formulae, incremental, thrill free drilling has finally found a market, this level of success certainly not good for the "spill before the drill" mob.
I was expecting another low flow rate well, or perhaps even no reservoir, however 65% of another high flow well! ...and confirmation Worrier 4 (70%) has commenced at 1600 bopd.
How can STU not do at least 1.2 million in 2006/7 ? Even 1.5 mm doesn't look implausible to me. They are still only talking their 800 kbo forcast for 2005/6, yet I"d have thought 900 kbo was easily in the bag now, with Worrier 4 alone.
I bought more today, although not as many as I tried for, will wait for a pullback (if I am lucky) for more. Let the dust settle (although there's not much of that with STU).
Entropylord
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held