re: attn b2 B2,
What exactly dont you like about STU's management ... especially compared to, I dunno, VPE's.
STU have never overpromised and underdelived, for a start.
I see VPE as a speculative bubble, pure and simple.
Yes, unlike 2 years ago there is some reality under it, but Rookwood is not as good as some people hope, they only have 5% of Jing and 35% of Rookwood, and by my numbers this means they can't support a lot of Cooper drilling in FY04-5 ... they'll need to pay around $600k for oil wells and call it a round mill for gas wells.
Add the admin costs, and I just dont see a sustained drilling program without more share issues (Ventura will help, but at 200 bopd, thats roughly $6k a day of cash flow split between everyone. While nothing to sneeze at, a years Ventura production pays for only about 1.5 wells).
Ian Whitchurch
- Forums
- ASX - By Stock
- THK
- going up
THK
unknown
going up, page-9
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add THK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online