great announcement, page-34

15 Bcf gas reserve is really too low for a MC 60/ million company.

They have substantially more gas in various other zones sitting behind pipe, which is currently not included in the 2P classification. Another example of the conservative nature of the management. They will not reclassify them until such time when they start to produce from those zones. These 3P numbers would have been reclassified as 2P by many other similar small cap oilies, but not STX. This is why I do trust them in many ways.

With small cap oilies, it's often money invested today for jam tomorrow. With STX, you get jam today and much more jam tomorrow (ie. 578mn tonne of JORC lignite resource, 3-9TCF of gas from one zone at PEL96 alone, 10-42MBO of potential recoverables at Baniyas). Things have progressed slower than expected, but balls have started rolling, albeit slowly.

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