Ann: Ceasing to be a substantial holder from MUFG, page-10

"Short & Caught is *’s fortnightly recap of which ASX small cap stocks are heavily shorted. Stocks that are shorted have investors betting that they fall.
Shorting works by selling stocks you do not actually own in the hope of buying them back at a lower price.
Because shorting is restricted under Australian law, any substantial shorting of stocks is worth knowing about even if you own these stocks and only trade long.
*’s two preferred metrics are raw short interest as well as percentage changes in them within the last month."

You will find SXY is among one of the stocks being shorted... I believe that if you do your research, purchase shares based on the company's fundamentals being sound as far as you can ascertain, are prepared to wait it out and be patient, finally, if you can keep a cool head, not be at the mercy of the day to day swings and not get caught up in the daily "noise" in the market you CAN in the end come up trumps. Despite the current negative climate on oil and gas. I believe in this small cap stock's fundamentals, the rational and consistent way it is forging ahead and making headway, and am in it for the long haul. I have purchased at 0.18 cents and so far, it has not disappointed. I also like the stance of the Qld government on our side..

"Australia’s second largest gas exporting state has introduced a new ‘volume-based’ gas royalty regime that is aimed at creating and supporting more jobs and industries.
The volume-based model introduced by Queensland will see royalties calculated on the volume of gas produced and will include a sliding rate scale and producers’ sales revenue.

Extracted from * - 9th June 2020

This is expected to support producers in times of relatively low prices while providing high revenues for the state in times of higher gas prices.
READ: More gas in the east coast than heading out
Treasurer and Minister for Infrastructure and Planning Cameron Dick says the new model would support affordable supply for domestic customers, appropriate returns for Queenslanders, and fairness for gas producers.
“Queensland’s gas industry continues to do the heavy lifting in supplying the gas for domestic markets in Eastern states, while also meeting the needs of international customers,” Dick said.
“This review has been crucial in ensuring that oil and gas companies are treated fairly, and that Queenslanders receive their fair share of royalties from this important industry.
“The model is transparent, equitable, administratively simpler and locked in for five years.”
Oil and gas industry body the Australian Petroleum Production and Exploration Association (APPEA) says the new regime provided clarity that should help ongoing investment in the state.
“The decision helps to provide a level of certainty to the industry which stands ready to contribute strongly to Queensland’s recovery from the sharp economic downturn wrought by the COVID-19 pandemic,” APPEA chief executive Andrew McConville said.
“Predictable regulation is the foundation for investment in the new gas supplies which are urgently needed in the east coast gas market.”
Liquefied natural gas exporter Santos (ASX:STO) also welcomed the new regime, which it said will guarantee that Queenslanders will receive a fair return for the use of non-renewable resources.
Managing director Kevin Gallagher says the new model addresses past equity and integrity issues with industry participants now on a level playing field.
“The new Qld royalty model is simple, efficient, equitable and transparent. It provides certainty to encourage ongoing investment in new gas supply and it will incentivise producers to innovate and reduce their cost of supply, which in turn will help put downward pressure on gas prices,” he added.
New acerage

With the new royalty regime in place, Queensland is releasing five parcels of land totalling 1,500sqkm in the resource-rich Surat and Bowen basins in the state’s southwest.
“It’s essential that we keep exploration underway to identify the resources projects and jobs of the future as we emerge from COVID-19,” Mines Minister Dr Anthony Lynham said.
“Gas explorers have already expressed interest on these parcels of land previously, so it makes sense to open them for tender.”
The new acreage release comes after tenders closed for 12 areas covering more than 6,700sqkm of other land in the south and central west of Queensland. These include 872sqkm that are reserved for the domestic gas market."