Also, I firmly believe STU can achieve production of 350k barrels of oil in current financial year, based on 1000 bod--( actually the new well alone may produce more than this figure)
350k barrels of oil, means we can definitely make another $6.7 million profit in current financial year---10c EPS.
So fair value of SP should be at least $1.00.
the 20 TCF Coal Seam Gas also give STU a huge potential, even if only 2 TCF can be drilled out by STU, that's $12 billion!!!
So the CSG can give us an extra 5--10 baggers potential.
STU Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
