happy new year, page-10

With mark carnegie as chairman (& David Wrench as MD - hugely experienced in all things gas this is his main game)I will speculate on a couple of things:

-eagleford: we are relying on our partner/s expertise to drill horizontals in texas..yes its a proven area but the drilling techniques are specialised...we have been let down by our main partner here and the contractors and the equipment being used..but bottom line we have very little control over what happens here.

- Coopers Basin:(we call the shots here and DW knows the gas business hugely well, take a look at the prep work that went into the current program of drilling in the coopers...this experience will deliver substantial results for shareholders...)...yes I think every effort is being made to prove up the coopers basin to show what a world class asset this is & then I think watch the experience and negotiating power of the chairman...orica deal is small fry...a few more drills and analysis of the coals (3-6 months) and not only takeover potential but a far greater deal is really possible...remember MC has a decent holding in STX also not just the chairman...this man is highly regarded and very successful, that doesn't guarantee results but with the interest he has in our company we all know how he will be working to put STX in the best possible position..

sxy re awe in my mind is just the beginning of the consolidation of assets in the Coopers basin and in Australian gas assets and supply...this is all just waiting to happen...IN MY OPINION...