Lots of emotion on HC lately (bordering on hysterics) which...

Lots of emotion on HC lately (bordering on hysterics) which isn't serving any of us. Stu made it pretty clear that the sp pain would likely continue until the rebalance so for the love of sanity, try to ignore the price until then and focus on the positives which are:

• STX is intrinsically worth $0.36+. Now is not the time to panic. Now is the time to buy while the price is so damn cheap, knowing that you could make a 100%+ return on your money very soon. The smart money is buying while the dumb money is having a meltdown.
• ED1 drill results are imminent. So far so good, with gas we were not expecting to find in the upper layers. Bonus.
• Gas export approval, maybe, but most probably.
• Peaking plant approval and selling our gas for more than we can export it for (so who cares about item 3). This is a genius move IMO.
• All the approvals needed to move forward with FID for Warrego.
• Ocean Hill update in a few months (which could add significantly to our reserves).
• An invested, motivated and strategic board. Lets not forget that Stu recently picked up some shares on-market for $0.20. And for those banging on about a share buyback, I think the board are pretty clued in to this as a strategy and would action such a strategy if they thought it was in the best interests of the company and shareholders. In fact, didn't we recently have a share buyback for those small sub-$500 parcels?