STU
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0.00% 94.0¢ stuart petroleum limited

Debt at 31-12-04 10mil Cash 2mil Net debt 8milSTU had 2.93mmbls...

  1. ronstieb
    8,957 Posts.
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    02/05/05
    09:43
    Post #: 892125
    Debt at 31-12-04 10mil Cash 2mil Net debt 8mil
    STU had 2.93mmbls reserves at 31-03-05 so lets say around 2.8mmbls now at npv 20/brl = $56mil
    Less 8mil net debt =$48mil divided by 62mil shares =78cps
    Another 7cps for management expertise and exploration acerage = 85cps??
    Price range around 78 to 85 looks fair to me at US50/per brl
    I dont currently hold STU
    STU Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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