Ann: Non-participation in Anshof-2 Drilling, page-8

Ann: Anshof-2 Appraisal Well Rig-up in Preparation for Drilling 06/11/23 10:17:59

"XST has elected not to participate in the Anshof-2 well. ADX and MND will fund XST’s share of well costs on
50:50 basis and will in turn retain the right to 60% and 40% respectively of production from the well unless XST
opts to buy back into the well at a premium of 400% to well costs. XST."

blah blah! .......................no business sense this company!!!!!! they couldn't afford this drill/development in the first place.



polishing a turd comes to mind.