CR off the Table till next Year, page-106

Hi Misfits,

I am not the best one to ask (maybe@Al99 could lay out his/her expectations for the catalysts going forward). I don't normally play in the O&G space - so this is a learning experience for me.

I am willing to take a punt though - my naive reading on the situation is below though (take it with a grain of salt):

Booking the resource will be the event where the stock is de-risked to the point where some larger investors/institutions may take an early position. Before then, the flow rates and any positive colour that comes into the announcement should still take us into the 30s, but the formal booking of the resource might be required by other larger investors. We have some psychological resistance levels that have sat at about 30c that the retail investors (as the main holders of stock) have not been able to keep above. I would like to see us get through that, but it will take good content, a good IR comms plan, along with planning and progress from STX to ensure gains in share price are sustained with a clear plan going forward where milestones are achievable and being hit.

At this stage I think the market also wants to understand better the business plan going forward to commercialise but that conversation has to play out once they know what they have to play with from a resource perspective.

Needless to say, there are plenty of news events that will come up as the information on findings, strategy and partnerships are distributed to the market. I suspect with booking of the resource on excellent results we will have a different class of larger investors taking positions which will allow us to break through the resistance levels we currently find ourselves stuck with. Whether it will take us to the 40's depends on the results and the envisioned plan to commercialise it.

A view on ownership is below for you:
General Public: 78% (1.23 billion)
Individual insiders: 10%
Private companies: 5%
Public companies: 1%
Insititutions: 4%