Stuart told the stock exchange it expects to lodge audited half-yearly accounts no later than 11 March. The company said it expects a significant improvement in corporate profitability for the next six months till June 30.
However, because of the volatility of the oil price and US dollar exchange, the company is reluctant to quantify earnings forecasts at this time.
Stuart Petroleum has a 75% stake in the producing Acrasia field in South Australia's Cooper/Eromanga Basin. Its partner, Beach Petroleum, holds the remaining 25%.
