of course, SE2&3 were for booking resources and chasing...

of course, SE2&3 were for booking resources and chasing upside!!!....and that is what every single shareholder wanted while it was going gangbusters - including YOU!

Like so many here, you are looking down the retrospectorscope and only now giving opinions that are 18 months too late !!

The logging and petrophysics at SE2&3 looked the goods.......unfortunately, water has come from somewhere and spoiled the party!

Before now, STX was never a company that prudently spent only cash it had in the bank...it was a go-getter that had credit facilities and big ambitions to match and we all cheered, more more because it was working and the SP was going UP! We were racing against the clock to prove up what we thought were reserves before they were stolen from us via lowball takeover!

STX is a frontier company with a frontier attitude, aggressive behavior is expected! If you wanted prudent management you should have never invested.

I really wish there could be some collective acceptance from all posters/shareholders that STX took risks with SE2&3 because that is what we invest with them for - high-risk reward outcomes!