re:not too risky at all!!!! A risky stock is a penny dreadful...

re:not too risky at all!!!! A risky stock is a penny dreadful with a small stake in a rank wild cat.
Disco STU falls outside each and every one of those caregories.
It has 3.2mmbls in reserves to date from five seperate fields.
It has the dominant % in its major interests.
It has a highly experienced exploration team coupled with a superb engineering crew who bring on discoveries far quicker than any one else in the Cooper.
It enjoys a close relationship with STO, tremendously important in terms of both processing oil, and any gas in the future.
It has prime acreage in the central corridor, with the highest hit rate of any junior in terms of successful discoveries-better than two out of three, compared to the average of two out of five.
Staff have recognised Arwon as the best bet in thei portfolio and have set impossible farmout terms for others to consider-hence it went effectively by itself (on a unitised basis with COE as the field falls into the Worrior tenement next door.)
It has been subject to 3D seimic,hence the lift in target
barrels to 15.5mmbls in situ and the lift in potential recoverable barrels to 5.5mmbls .
It is not without risk, but it is by far the least risk you could hope for in the Cooper.
Ours comments are somewhat meaningless in the scheme of things.It will announce the first zone on Monday all things being equal (Mckinlay), then the Birkhead Tuesday or Wednesday.
Cheers,TAS