Ann: Discussions with Strike Energy, page-536

Toots and Ox, It came from SN. It is in one of the ASX announcements and is based on what Gina paid for WGO.
Comparing the 2P +2c ratios for both WGO and STX, SN calculated that STX shares were worth 80C each,
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One might question this because the 2P/2C ratio for WGO was much higher than for STX. On, the other hand, with the seismic analysis being done by Tony Cortis SN might be highly confident that STX's 2C will be converted to 2P. We will soon know.