Ann: STX: New Sub/Holder Highlights Warrego's Value Potential, page-4

"Strike’s $22.3 million investment in Warrego demonstrates the significant value potential of Warrego
shares as well as the importance of West Erregulla as the principal asset, and only discovery to date, for
both parties. Strike’s investment is also an acknowledgement of Warrego’s ability to generate superior
cashflow and returns from Phase 1 of the West Erregulla Gas Project."

No it does not. It is simply acknowledging WGO's share price is undervaluing its asset. If anything, it highlights the WGO board's inability to gain the market's interest.

And while its statement around WE being the only discovery to date is correct, the operative word there is "to date". I don't think anyone associated with STX or WGO would argue about the importance or value of WE to both companies. What this announcement highlights is the unhealthy obsession by the WGO board with STX and their interests outside of WE - which frankly, should be none of their business.

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