Ann: WE5 Production Test Update, page-111

Everyone is entitled to their opinion, I just don't buy the notion that the qualifications put out by WGO are a blatantly obvious attempt to put a negative spin on the results, why would they want to do that, it makes no sense whatsoever, like STX, they have raised a lot of money on the back of WE and their shareholders have high expectations that their board will want to see met.

Just accept that WGO obviously have a different technical view of the data seen so far. In the absence of the Operator following normal industry and contractual joint venture principles which would have seen the results and interpretations agreed between the partners before being approved to be released, WGO have simply stated their technical opinion.

The only thing blatantly obvious is STX's objective of having made this release without joint venture approval.

Once all the facts are on the table and have been reviewed by the independent expert for the all important certification of reserves, there will be less room for ambitious interpretations and hopefully an end to this highly visible and embarrassing spat played out by this JV.

Their Japanese and South Australian competitors across the fence must be grinning from ear to ear, Alcoa and Wesfarmers probably less so.