BPT 0.69% $1.44 beach energy limited

Actually, I developed a passion for STU back when they were 28...

  1. 2,834 Posts.
    Actually, I developed a passion for STU back when they were 28 cents ... check the old posts on the STU board (or, even better for dating, the Yahoogroups Aussie_Oilers board).

    STU went from 28 to it's then-correct value at about 40 cents before Worrior. The market simply got over-enthusiastic when it sent them to 70, back during the days of Acracia.

    If I'm right about todays's announcement, Worrior will have 3.5 mmbo in it, which will give STU about 4 mmbo of reserves (1.2 in Acracria and 2.8 in Worrior) ... or on a par with Beach.

    Beach recently missed on

    Carrickaling
    Brighton
    Moana.

    Their acreage in the Cooper is roughly equivalent to Stuart's (and pretty nice acreage it is, too).


 
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