Ann: Notice of General Meeting/Proxy Form, page-69

Coincidence MIN buys 15% of WGO after the ABN stuff up yesterday? Probably has 19.9% after today.
The battle for STX has basically begun and looks like Regal screwed STX over on the way through so no surprise there.

If STX is the next target then we are potentially at the mercy of who wins that battle and I dont feel thats ideal.

If we are next inline then that changes things imo and a battle may take place and a scrip offer from STX may not be ideal for them.

Then we have PetroChina MOU with TMK ending soon which I imagine gets extended.

I still believe the big dollars is in Gurvantees and it compares to NWE or WGO down the track by itself and that's potentially being conservative so whatever it takes to stay alive I'm all for as I don't think a T/O war in the next 6 months gets us close to future value.

While most can disagree Im pretty confident we will unload Walyering this year not anyone's preference unless Petro buy Gurvantees 1st which I dont think happens.

Walyering is a fantastic stepping stone to fund bigger projects through cashflow or a lump sum sale whichever benefits the company the most and shouldn't be seen as anything else.

2 TCF at Gurvantees is the real prize and contrary to what many thought and said we will have the funds oneway or another to pay our share to realise it if thats our desire, quite staggering.
700 holes @ $200k = $140m x 33% = $49m and still have cash for L7 and Condor

The numbers moving forward are mind boggling if we can navigate through the next few months

Going to be lots of news on so many fronts