chairmans address and agm preso, page-13

something else that struck me as compelling for Strikes future after reading the AGM address. I have been looking at a few US companies like chesapeake energy from OK; they are hanging on the fringes of booming. The only thing they are waiting for is the price of gas to move into a more 'acceptable' range.

So a couple of things I have identified in the near and longer term that could help create a perfect storm for gas prices to move upwards are:

• carbon legislation in the USA / Copenhagen outcomes
  
• inflationary pressures on Oil.
  
• Winter
  
• state mandated targets for gas usage on the back of carbon targets
  
• a weaker USD leading to a stronger industry in the USA
  

Not all these are guranteed, in fact the only thing guranteed is the onset of winter this year. But what could they mean for STX?


"Even in an environment of low US gas prices we can continue to operate profitably"


Cheers,

SF