STU 0.00% 94.0¢ stuart petroleum limited

+ valuation if arwon has 5 mill barrels (p2) + , page-9

  1. 5,867 Posts.
    Gerry,
    I saw the 3D interpretation in a graphics package presented by the company last Friday week. Gives you a terrific feel as to the movement of oil up the ridges through the potential accumulation points such as Arwon and Worrior.
    As to the other fields to be looked at straight after Arwon-they are potentially a lot smaller unfortunately and STU has lower interests(20% Beeville and 66% in Jezabeel). At least they don't have to contribute much-free carried on Jezabeel and about $300,000 on the other one.
    Their real growth story is gas some time next year once they work out a suitable deal on treatment with Santos.
    Cheers,TAS
 
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