Some of these prospects are getting well and truly ramped. I certainly read a heap of bs on this one.
3 November 2004 Australian Stock Exchange Limited Companies Announcement Office Electronic Lodgement System Dear Sir, ANNOUNCEMENT TO ASX DRILLING ADVICE: ARWON # 1 PEL 93, COOPER/EROMANGA BASIN SA Stuart Petroleum Limited advises that DST #3 over the interval 1742-1755 metres in the Epsilon formation recovered no gas to surface and 66 barrels of formation water. The evaluation program will be completed by running DST # 4 in the McKinlay formation over a shorter interval than tested previously in DST # 1. The objective is to determine whether oil production is possible at economic rates. The status of Arwon # 1 at 0800 hrs 3 November 2004 is: Location: PEL 93, 55km south-west of Moomba Planned Total Depth: 1930 metres Current depth: (Final) 1846 metres Operations: Laying down test tools Spud: 02.00hrs, 23 September 2004 Participants in the Arwon Joint Venture are: Stuart Petroleum Limited (Operator) 88.8% (STU) Cooper Energy NL 11.2% (COE)
STU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
