I'm quite excited about this year for XST, we will have a conclusion of some sort with the damages within the next month while they enforce the ruling in Singapore, that will lead to a settlement in my opinion.
Cosimo can then execute the strategy outlined here:
https://stocknessmonster.com/announcements/xst.asx-6A763899/
This is the mechanism that will create significant shareholder returns in my opinion. The Sac basin will drag on and we'll need CR after CR.
Cosimo had the strategy perfect 18 months ago, he was grossly let down by the Sanston 4 and they are now being held to account.
If there is a settlement we should end up with less dilution than was planned with the Sanston CR, we would have been at 1.3billion shares whad that CR gone through. If there is a settlement of some sort I am sure they will not be giving any shares away cheaply to any of the 4 considering what it has cost shareholders.
With Matrix sansinena last well IP at 350bbls per day was better than outlined in the preso here https://stocknessmonster.com/announcements/xst.asx-6A799259/ had that transaction been executed XST would be 10c+ by now assuming that another transaction or two had been executed.
That can still be achieved given Cosimo's US oil credentials, we just need to get the damages claim settled andd can move on. Let SGC do their thing and look to exit the high cost tight gas plays.
Keep the faith in Cosimo, he has the strategy and vision to do things differently, he just needs to be given the chance to execute the strategy.
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