i think with SGC not getting anywhere with Dempsey for so long, and the complete new direction XST has taken, in last 12 months.. from no longer an explorer, but looking at production portfolios first and foremost.. but still keeping a small exploration portfolio open should it transpire.
I think if the larger partners in dempsey/alvares exploration JV may still get it happening, and it may add value to xst later on..
i am all for the new direction of xstate.. and the fact 9 mill was offered to just start it all up speaks for itself imho... only 3 mill was taken by the board, but the level of support for the oil production direction is outstanding,,,
Ann: Sept 2016 Quarterly Activities and Cash Flow Report-XST.AX, page-10
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