STU 0.00% 94.0¢ stuart petroleum limited

outlook great but reserve quite low

  1. 5,693 Posts.
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    shale gas is just a concept. The biggest problem with this company is its reserve level.

    Stuart harvesting Proven and Probable reserves of 2.1 million barrels of oil, and continue decreasing year by year. Once production wells decline like ROC, the trading risk is high. So should be careful.

 
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Currently unlisted public company.

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