Thoughts include:-Government grant $5,500,000A grant comes with...

Thoughts include:-

Government grant $5,500,000

A grant comes with "Terms & Conditions" and an anticipated date for funds receipt. So there should be a plan and an underlying strategy provided in support of the Grant application. This, if correct, has not been detailed.

Why a Grant and not Capital Raise

Is this in itself a message to the market that directors have no faith and or confidence in the ability of the company to extract and actually deliver quality product in a commercially viable manner? Surely if the holdings were so good and commercially attractive then there would be no need for Grant funding as the market would be screaming out to "get the show on the road and here is my money to do so".

The underlying belief that the Grant is actually a good thing is questionable, at best.

Delivery of Product

The testing continues however sales amount in $'s and volume are not detailed. There is surely a reason for this and it is considered most likely as being... the local service station on a Saturday morning sells more "swap & go" gas volumes than GAS is selling.

Volume figures have materially changed in Chairman and CEO reports over the past 12/18 months... you have more chance with picking "chook lotto" than with what is being sold versus previous volume reports. Either which way the number is immaterially low.

Intellectual Property

Should the IP be so valuable then surely a "corporate conglomerate" would be taking some interest in this unique capability. The unique capability has been sourced from within the GAS "Think Tank" and has been communicated to the broader O&G community so no "secret squirrel" stuff here.

So GAS is now an O&G player as well as a leader in the O&G Technology sector. The share price however remains stubbornly benign of movement and therefore does not reflect the "world leading industry" advancement.

CONCLUSION

My shares appear destined to remain in the "bottom drawer" for much longer than ever anticipated.

Hopefully the Board and Executive have a change of heart and actually detail full facts and a structured plan for future activities and not play the "hide and seek" charade that currently exists.

As always IMO and DYOR.