Ann: Walyering Production Update, page-74

FFS Pappa, that’s why we invested in TPD in the first place. It’s a different play than stx…well, it was. I have a significant holding of stx shares and if I want more I’ll buy them. The FCF from walyering means that TPD’s projects are self funded and the accounts could’ve looked even better if things had progressed as promised, but let’s no go there). Tpd will be ok if it needs to go it alone despite the inevitable knee jerk initial market over reaction.

I am very positive about stx going forward, I’m already well ahead, but I will be reserving how I vote until later. IMO, stx needs the additional 45% FCF from walyering to progress it’s accelerated gas program. This could be detrimental to the SP of my stx holdings in the (unlikely) event that the SOA is unsuccessful. Obviously very pleased with today’s SP movements, it’s a start