Ann: LA Basin Oil Field Acquisition, page-37

So you now happy to pay AUD 17 million to become a marginal stripper well producer with maybe an initial production of 250 bopd if it all goes well.

Whilst a similar amount could discover 4 Tcf of gas.

Go figure.

But that the mandate the board feels the shareholders have given them, I don't think its correct but that is what it is.

So my fellow punters how are XST going to raise the AUD 17 million?

They could buy a Tuesday Oz lotto ticket as a win this week equals AUD 10 million or....well that a problem is it not, massive dilution of existing shareholders or any other dreaming schemes.