Ann: Supplementary Bidder's Statement, page-141

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12/02/23

17:50

Post #: 66204160
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Originally posted by gridder ↑

Doubt there will be any talk about sole funding. Drilling will come down to rig availability and we know SE holes are scheduled for next 3-4 months and WE holes late this year or early the next. Workover rig required for holes WE2,4 and 5 from memory and presumably this to be fitted in when particular rig type available and JV agrees on timing. I don't see any real dramas but a pragmatic approach to sorting reserves and resources for both areas.

Re "SN not winning many friends across the industry with these moves",...... am not sure whether this in reference to cancelling some previous contracts with gas suppliers or doing a turnaround on securing Warrego shares. IMO SN just doing what he (and Board) think are best for STX and shareholders. I reckon most in the industry would be sitting on sidelines enjoying the various battles.

A question I have for AI99. What about Ellison's move in selling his shares to Gina. How will Gina pay him back? What is the "Industry" saying about this?

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Workover rig required for holes WE2,4 and 5 from memory.

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WE-5 re completion only i think you'll find and it was mentioned some time ago it was to be done by wireline but haven't heard mention of it for a while now but last i remember it was suppose to be going ahead FH 23.

WGO Price at posting: 36.0¢ Sentiment: None Disclosure: Not Held
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