re: new high up she goes Briter
they are on a winner in Indo with STO. Oyong is a nice field which will come into production over the next 18months.
Jeruk is driving this move. The talk is massive - that is talk though. STO will want to develop this.
Over the last few years they have also drilled a couple of holes in Indo that had big gas shows. Due to problems with the rig these caused big problems ( this was 2001). In addition they have PNG interests that keep $$ coming in.
Yesterdays ann re the new offshore permits is also another thing to like about CUE.
They have been held at a discount for to long.
new high $$$$$ 41$$$$$, page-9
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