Olive Blossom,
If you think that, you are thinking like a big dumb oil company (ie Santos).
140 bopd @ net $20 for 300 days a year is $2 800 * 300 or roughly nine hundred grand a year.
The well probably cost about $1.8m to drill and complete ; thus, payoff in two years.
Six hundred grand of the annual revenue goes to Stuart.
With 60 million shares, this is one cent per share of earnings.
Remember, we're talking a small company here.
As well, Hyperno hitting has significant implications for the prospectivity of the eastern half of PEL113.
While the extra $600K a year is important, that is the more important factor.
- Forums
- ASX - By Stock
- STU
- surprise - harpoono 1 hits
surprise - harpoono 1 hits, page-7
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online