David Clarke earned a tidy $525,000 from the sale of 700,000 shares in the company leaving him with a healthy stake of 14,690,000 shares. In the extended hiatus after listing, and while the company was trying to finalise Native Title negotiations in order to explore, the 20 cent issue almost doubled despite the minimal drilling activity and the depletion of its cash levels.
The company's share value received a subsequent boost in 2003 with the success of its Cooper Energy joint venture in drilling the Worrior-1 and Kiwi-1 wells.
Worrior-1 alone saw Stuart's share price jump from around 40 cents to over 70 cents where it has remained, sitting at 78 cents at the time of printing.
