Ann: West Erregulla-3 Confirmed as Major Producer, page-7

Morning All

Again, looks like Strike and Stu delivering the goods however I cant help but feel a sense of 'Ground Hog Day' about this announcement. We have seen over and over peaks and troughs.

I don't understand how the share price can be fluctuating up and down so much when we have the evidence to show that Strike will be the biggest onshore Gas producer. They have all the approvals, they have the WA govt in their back pocket, they have the Urea production on the way...Can anyone actually quantify the amount of gas they are likely to produce and the estimated market rate they would be likely to sell the gas for? From my understanding...

• WE3 stabilised at 83mmscfd (86 320 MMBtu/Day) What would be the expected sale price?

Can someone with far more brains than me, spell out the reasons why this is moving up and down like a Sine Wave. Because the way I see this is...just a matter of being patient and the production will come!?!?





(Maybe I just need to be more patient!?!?!)