Just speculating, but last year when there were heavy rains in QLD, there were disruptions to oil production in northern SA, reducing STU's production in QTR 4.
Any news from up north?
I am happy to wait for the market to realise the value of STU's increased reserves and production. If I had any more money it would be going in STU or PPP.
Look at January's production - 80,000 bbls at A$100/bbl. Do the math. And this is a $60m company?
Well, thank goodness for market inefficiencies, otherwise we would never make any money! : )
But DYOR.
Yaqona
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