STU stuart petroleum limited
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Nice announcement has surprised on the upside. 2300 BOPD from...

  1. Bandalup2
    1,134 Posts.
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    06/09/10
    13:26
    Post #: 7160624
    Nice announcement has surprised on the upside.

    2300 BOPD from the Mcinley Member. The expectation was for 500 BOPD. This does not include oil from the newly discovered Birkhead formation where a net pay of 4m was discovered.

    For reference - STU produced 40,000 barrels for the last quarter so this well will substantially increase production.

    Market cap just $40m.

    Significant CSG potential also is the sleeping elephant in this one.

    http://www.asx.com.au/asxpdf/20100906/pdf/31sbysdyps1htp.pdf

    STU Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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