Nearly 10 days already, since STU announced 2300 bopd from...

Nearly 10 days already, since STU announced 2300 bopd from WORRIOR 7, SP still stable at 65--70c, looks like the well is really producing at this rate now.

This is a too good to be true result for us, STU should now produce total 2350(net) barrels of oil every day.

I give 50% discount again, that's still producing 1200 barrels of oil every day, Yearly target 350k barrels looks like very easy to achieve.

The next is Acrasia 5 (STU 75%)for which STU said is at very low risk, hope this well can bring another 1000bopd for us.

Also, STU will test "Additional oil pay intersected in the underlying Birkhead Formation" soon, this is 4 meters net pay. Considering the 2300 barrels / day from the McKinlay Member of the Namur Sandstone, we should expect at least 1000bopd from this 4 meter's good quality sandstone.


Quote:

Acrasia 5 is a low risk well which will be drilled late this month to add to Stuarts reserves and to increase its rate of oil production.