Ann: Strike Grants West Erregulla Gas Offtake Option, page-44

Rolla

I am happy for this deal for one reason only. It guarantees that we drill WE. Yes all valid points about dilution but lets face it we are all investing in a company that has no producing $$ assets. We can argue till the cows come home about we could have raised more at 11.5 cents etc, or those pric&s in R and D section in gov not allowing our application; but I'm glad were getting on with drilling and with success all of these points will be in the rear vision mirror. STX is high risk, high return. I appreciate there are many long term holders, but what we have going on right now is probably best chance of returns for all concerned. Good luck all.