re: arwon drilling suspended
Does anyone have up to date info on what STU are doing to address the production bottleneck from the Worrior field.I assume it’s a combination of poor road conditions, wet weather and tanker availability.I expect the bottleneck would increase if the Adjacent Arwon well is successful. Oil is currently at US$50 per barrel. STU has 45000 brls/mth hedged at A$40.31. Hopefully they can get oil volume in excess of 45k brls/mth to the market and take advantage of the current high oil prices.
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
