STU 0.00% 94.0¢ stuart petroleum limited

stuart up 8c, page-14

  1. 5,867 Posts.
    re: great value, some numbers Ian,
    the 3mmbls at $20 is ok with you ,me and most others, ie the value in the 85-105 cents range can be supported.

    The current well will probably not have a high impact one way or the other in terms of overall value-it is not that big a target, but has comparatively good probability,(have a read of the most recent announcement-it should now the benchmark for oil exploration disclosure!).

    Their major plays are in the second half of the year.

    As to cash flow , the decline curves are running pretty close to 30% rather than 20%-they are trying to suck as much out as they can asap ,(without doing reservoir damage we holders hope!).

    Cheers,TAS
 
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