You'd have to be almost the only person who thought the market was not being prepared for a "duster" announcement.
The drilling report of last friday was at 1212m, through the Murta and well into the Namur with the quote "no significant hydrocarbon shows".
We now find that the well is to be completed as a producer from the Murta? Don't get me wrong I'm a long term holder and not copmplaining but the market certainly thought it was dry - that's partly why STU dropped from 85c to 75c.
Ian,
Okay, I did reduce STU's share to about 100 bopd but I was being generous in calculating the net for each barrel at $30 as opposed to the $20 that you use. Guess I was just trying to use the latest actual figures but I'm happy with your numbers.
Cheers
Badfish
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
