Hi all, Just got a txt from a fellow shareholder asking me...

Hi all,
Just got a txt from a fellow shareholder asking me what's going on.
I replied as follows-
" Yes,
Been a lot of noise in the last few days
1.SE-3 results okay.
Conforming continuity across the Basin but but not the brilliant results of SE-1 and SE-2.
2.Oil and Gas stocks hit by the markets today. A bloody day.
Similar companies have suffered.
3. MIN and Gina and maybe overseas interests are deliberately shorting STX down ( my thoughts only ) to make a later offer seem attractive.
4. STX are in the throes of taking over Talon. This led to uncertainty. It will be finalised in the next few days.

On the other hand there are positives.
1.STX has a commanding position in the Perth Basin.
Others want it.
2 Absorbing Talon will give STX total cash flow from Walyering and reduced overheads re Directors /admin/etc.
3.WA govt are very pro gas now that they are being exposed to the threat of blackouts ( every politician's nightmare ). Their shutting of coal plants requires renewables and those renewables are way in the distance.
4.There is widespread rumour that the WA Govt are going to allow many more companies to export gas ( at huge prices ). At present only Beach have this privilege. It should never have been allowed in the first place.
5. If we absorb Talon then STX gets access to TEG's forthcoming drilling into highly prospective close to Lockyer Deep which is Australia's largest onshore gas find ever. Drilled by NWE.
6.I have emailed CEO Stuart Nicholls to get reassurance that STX will not sell to anyone.
7.Euroz have downgraded their STX valuation about 6 cents to 56 cents a share.

A bit of a pssoff but rest assured STX has a great ( and ultimately dividend bearing ) future.

Hold Tight
Best.
tui.