STU
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0.00% 94.0¢ stuart petroleum limited

Jojo,Like the news, but by my reckoning a little more modest a...

  1. entropylord
    13,963 Posts.
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    20/02/06
    11:36
    Post #: 1384471
    Jojo,

    Like the news, but by my reckoning a little more modest a value than your numbers.

    I am assuming at this stage the Mean OIP estimate, in the Hutton only, which the drilling announcement stated as 1064 kbo.

    Assuming a 40% rf and STU's 65% interest would give STU 277 kbo recoverable. Assuming a A$30/bbl NPV gives about 13 cps by my reckoning.

    Looks to me like the market has aleady added most of Toporoa #1 value today, with the rest already added on Friday.

    Regardless, I still agree STU looks good value.

    Entropylord
    STU Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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