Ann: ACQUISITION OF ADDITIONAL SACRAMENTO BASIN ASSETS, page-2

for some reason SGC is paying $40k of shares and gets back the $79k it was owed???

weather delays and partnership delays at Alvares

"The planned Alvares 1 well re-entry and related testing has been delayed due to Joint Venture negotiations, and the increased operational and financial risks related to the rainy season in the Sacramento Valley."

apart from that we can see that pre dec the partners jointly held 105% WI in dempsey, which is pretty amazing, and after the split up it drops back to 100% WI between the partners on dempsey..

Alvares is worth around 5 cents now to XST and should they every get this wells integrity tested and if the gods are kind and the well can be actually usable then perforated and flow test the gas zones.. then we may see some speculation?