Ann: Chairman's Letter re Scheme of Arrangeme, page-2

re: Ann: Chairman's Letter re Scheme of A... In stark contrast to the actions of the board of BOW, a letter from our chairman, the Hon. JA rubbing salt into the wound..

Maybe STO knew well before now that there would be no reserves upgrade and that's why they decided to strike now..smart play but absolutely infuriating for shareholders..

JA knows how to spin but there's no way there is no spin that can justify how he and other directors can believe that this deal is in the best interests of shareholders.. what a load of rubbish

In the best interests of ESG shareholders was either a) a reserves upgrade or b) timely disclosure of delays to said upgrade

Definately not disclosure of delays to upgrade after low ball offer from jv partner..who ws obviously fully aware of data, activities and likely outcomes..

Secondly, i am concerned that we are being buttered up to accept the 0.0688 for 10 regardless of whether that ratio represents at least $0.90 at the time of transaction..apparently knox has made the comment that STO will not be topping up if 0.0688 of one STO share at the time is not equivalent or greater than $0.90

very concerned