STU 0.00% 94.0¢ stuart petroleum limited

worrior completed for production

  1. 2,834 Posts.

    McKinlay ; 1585 bopd

    Birkhead : 3000 bopd (not a typo. Three thousand barrels per day)

    Hutton : 815 bopd

    Production ot be compelted from the McKinlay at 1200-1600 bopd, with production being trucked to Santos.

    5-10 bcf of gas estimated in the Patchawarra.

    ****

    At 1400 bopd, this is worth roughly $20 000 net free cash a day to STU, and $7000 a day to COE.

    It increases their daily production by about 100% for STU and 150% for COE.

    Buy, buy, buy.

    Ian Whitchurch
 
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Currently unlisted public company.

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