Stuart Petroleum's 2004 program consists of a minimum of five exploration wells and one Worrior appraisal well. The program also contains Stuart's first gas exploration well, Doreimus #1.
The key features of the program are:
Farmouts again feature in this program and a number are currently being finalized. Only one well, Hyperno # 1 is contingent on farmout negotiations. Stuart is finalizing equity participation factors for a prospect straddling PEL 113 and PEL 114. Santos will operate this well, Derrilyn #1, which is due to spud in April.
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