STU
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0.00% 94.0¢ stuart petroleum limited

re: Ann: Acrasia 5 Development Well - Progres... cracker of...

  1. jazzapat
    587 Posts.
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    27/10/10
    13:38
    Post #: 7392425
    re: Ann: Acrasia 5 Development Well - Progres... cracker of announcement!! Their recent drill results hve been fantastic!

    990 barrels P/D!!!!!!!!!!

    70% of that is their's!
    thats 693 B/P = 250,000+ barrels per year. Add this to W7 and the other drill results to come.

    I know long term reserves may not be massive, but this stock is surely well undervalued now. Not even considering hte blue sky potential of the Shale / coal sm gas. oh, there is the small outstanding issue of the fuel depo to be confirmed shortly.......


    Surely a rerating to pre GFC share price is now on the cards!
    STU Price at posting: 65.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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