STU stuart petroleum limited
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Not sure about bright blokes with very good track record.STU...

  1. ronstieb
    9,326 Posts.
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    08/10/09
    11:59
    Post #: 5749044
    Not sure about bright blokes with very good track record.
    STU paid 100% (~$25million), using borrowed money, to fund a wildcat well and they didn't even earn into the permit, only the well, which was a dud.

    The reason for divestment of Timor asset ?
    Dont know. Maybe STU's bankers have said, Tino, stop this madness!

    The diesel plant sounds like a safer option to build shareholder wealth although I note the other JV partner pulled out. But if the banks approve the funding I guess it must stack up.

    Agree its worth watching
    STU Price at posting: 64.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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