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25/11/03
10:58
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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.
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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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