Ann: Strike moves to integrate gas, manufacturing & renewables, page-38

Wow, all you holders thought you were buying into and oil & gas company. If I still held WGO, I'd be asking a lot of questions about who's back at home looking after West Erregulla while the Management team is distracting the audience with Urea and Geothermal.

Geothermal has been looked at in the past - Green Rock Energy (delisted) had a crack and their studies never got off the ground because the depths needed to drill (>3000m) make it uneconomic and you lose a lot of heat by the time it gets to surface. From memory the higher heatflow in the NPB is further south.

A few other thoughts -

• The Special Prospecting Permit currently doesn't have any commitments but when converted to a full license, it will (a commitment well maybe?).
• Will Beach & Mitsui really allow STX to drill wells into the Kingia in their overlapping permits? Messing with the acquifer can have a big effect on the production of Waitsia and Beharra Springs. I imagine the lawyers are pulling out the rule book.
• Who owns the gas if they accidentally find gas-charged Kingia/High Cliff in their Geothermal well?

Interesting times ahead. Hey, did anyone remember we're almost at TD in WE-4?