RE:A little math
naka you are out to lunch on your math. even the nr from iae states their share of stella is estimated at 16,000 boe/d also 1 year from now the other producing assetts will decline somewhat. the next well is a shallow gas well. don't forget all these rates on the 3 stella wells, while being great numbers, are all horizontal, they don't give you the vertical play here, stella is not a massive field and they will need to expand from the hub to find more reserves sooner than p[eople think.
as i stated before i thought this well was already pretty much priced in as they are basically just drilling developement wells in the same area. just imagine where the sp would be if b1 wasn't up to snuff. I sold most of my shares just now ( made a small profit) and will keep an eye on it. execution is key now and a lot can happen in a year. i don't see any more major catalysts until stella is close to production. lots of time to buy back cheaper imho.
cheers ferret