Some credibility issues at Stuart I think. Tino needs to hold...

Some credibility issues at Stuart I think. Tino needs to hold his mouth until he is sure he can deliver.

Padula looking more like exploration than development, or even appraisal. Can't still be looking like 1.0 mmbo, more like the lower end 0.5 mmbo? or lower?

Toporoa - still waiting for production?
Harpoono #2 - ditto?
Refinery - decision was originally due April?

Progress all looking a lot more incremental than we were led to expect.

Lets hope this is a just a rough patch, as I do believe STU is building the capability, and it certainly has the cashflow. Can't see sp staying down after the Sept Q delivers, but it'll stay at a discount if Tino doesn't sharpen his credibility, and communication.

Entropylord