STU 0.00% 94.0¢ stuart petroleum limited

re: arwon drilling suspended Does anyone have up to date info on...

  1. 68 Posts.
    re: arwon drilling suspended Does anyone have up to date info on what STU are doing to address the production bottleneck from the Worrior field.I assume it’s a combination of poor road conditions, wet weather and tanker availability.I expect the bottleneck would increase if the Adjacent Arwon well is successful.
    Oil is currently at US$50 per barrel.
    STU has 45000 brls/mth hedged at A$40.31.
    Hopefully they can get oil volume in excess of 45k brls/mth to the market and take advantage of the current high oil prices.

 
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