site visit for analysts & instos, page-34

in a nutshell you are absolutely spot on @Second. Thx for posting the map

What @mir911 highlighted in red means is that someone may be trying to make sure we (existing SH) miss out on the uplift in WE, as represented by SWE-1 and ED-1, in the above diagram. In simple terms, those two bits represent a doubling of WE current resources. And it still leaves out the "prospective" green bit to the north west of the tenement - a decent chunk in itself. Although ED-1 is located in the area where the Kingia is prognosed to be thicker, so my speculation is that this will give the best bang for buck. Here's hoping they drill that first...although I reckon Stu's demeanour is not as sprightly as it was in the past...maybe something is weighing on his mind in the background. Next cab off the rank after SE3 will be a tell tale for me.

My reading also is that GS, Euroz and Macquarie have issued these vals to help soften up punters so they succumb to the inevitable low ball bid. If the see thru val based on the WGO transaction sees STX at 80c (with $6/GJ gas price) ...how come these turkeys are talking 50 and 60c??