Short squeeze party thread, page-181

The sale of WE would have been an option our Board would have put to Hancock after the WGO takeover. The funds would have allowed STX to fund its share of SE developments and advance its other prospects. It would have simplified the development for Gina and allowed her to partner with Min. I am sure this was part of Gina’s strategy however it has not eventuated for whatever reason.

Should WE7 be successful I would not be surprised that STX put this permit up for sale. We would have a good understanding of the resources within the field, approvals in place and project development ready. This would create a lot of the interest from companies who need gas and similar to a fixed date sale ensure others have the opportunity to bid for our gas.


We are all hoping for a takeover however I feel STX would extract much more value through a sale and retain our other permits and Walyering to deliver longer term value to shareholders.

go Strike.