Ann: 3Q FY24 Quarterly Report & Appendix 5B, page-306

The 20c valuation is bargain basement and ignores many other inputs ,including:

*Gina has spent up big over the last 12 months.Its been suggested that is partly due to her case against her children.Her spending makes dis-entanglement of Hancock Prospecting impossible.More she spends less chance of losing the case due to the comlexity.

*control-Gina is not a sharer.
*Long term cheap energy for Min and Gina.
*Japanese need for lng made starkly clear by the MEast potential explosion.
*The potential of further discoveries-Min has had alot of success with one waterlogged hole.Has the last well been flow tested?
*Stx had nothing but success-until the 2 water holes.
*OHill had gas I thought but it was tight.But now with 3d there could be better prospects to drill.

By the way that 'mo' on Stu is not a good look.Like some loser porn star who couldn't get a drink in his own brewery.Cause it went broke just after he messed up the dreams of a comfortable retirement of hundreds of investors.
Still he'll be ok-bet he gets a job with Gina after she takes us out.