Ann: Strike Board Update, page-2

Board Changes: see this as a really positive (continued) strengthening of the board:

Mr Bizzell joins the Board from his role as Non-Executive Director of UIL Energy Limited. Stephen Bizzell is the Chairman of corporate advisory and funds management group Bizzell Capital Partners Pty Ltd. He is also a Non-executive Director of Armour Energy Ltd, Stanmore Coal Ltd, Renascor Resources Limited and Chairman of Laneway Resources Ltd.

Mr Bizzell was an Executive Director of Arrow Energy Ltd from 1999 until its acquisition in 2010 by Shell and PetroChina for $3.5 billion. He was instrumental in Arrow’s corporate and commercial success and its growth from a junior explorer to a large integrated energy company. He was also a founding director of Bow Energy Ltd until its $550 million takeover.

The Company has agreed to grant Mr Bizzell 5 million options to subscribe for fully paid ordinary shares, each with an exercise price of $0.15 and a 3-year exercise period. The grant of the options is subject to shareholder approval. “Mr Bizzell brings considerable experience and success in the fields of E&P, corporate financing and over 20 years’ experience in public company management in the energy and resources sectors in Australia. We welcome Mr Bizzell to the Strike Board during this exciting time”, Mr Poynton said.

Still need some patience here STX holders re Jaws...my opinion only...