STX Charts, page-1516

It is time for a change - A New Direction.

These characters over an HQ have to come into the 21 st century, and quickly.

This is the age of climate welfare and activism. There're coming for you, folks, make no mistake.

STX is in the perfect position to take advantage of the situation and gain some credits with the environmental lobby.

The current situation and what is needed IMO, is as follows.

Income from Walyering is $60 million plus per annum for the next few years.

It is an ideal income generator.

Hang up the drills and look to renewable energy sources. Stop cash burn.

Get rid of WE and anything else not of use for whatever you can get. Put the money in the bank.

Get Walyering up and running ASAP.

When the interconnector between PNP and DGNGP is up and running, pump every Tj/d of gas, subject to any restrictions (pipeline or well capacity), whichever is the limiting factor.

Run the well down as quickly as possible and pocket the cash. Then shut it down.

In the meantime, they can then build, for example, a 244 MW windfarm for about $500 million.

Build at the Precinct, STX has a ready site.

Do something really positive, something that you can measure. Transition to renewables.

Using gas to transition to renewables is very acceptable to many of us environmentally conscious folk.

Now give it some thought, BOD.

All IMO. J L.