Ann: Jaws Pilot Update, page-98

I would be happy to be proved wrong but IMO the Market has already written off JAWS as a failure and marked the COS down to almost zero.
Take a look at the SP, been steady at below 7c for well over 1 month now. Holding your breath for any news on Jaws is a waste of time !

The next piece of news likely to alter the SP is months away pending WA drilling and How is STX going to fund themselves for the next 12 months !
If they can survive cash wise until WA drilling results (unlikely) any hint of positivist resulting in a boost to the SP will quickly be jumped upon with a CR. So in summary we will be looking at sub 10c for sometime now. If we get a series of negative events consistently over the next 6 months STX could easily go below its low of 5.3c.

Again IMO, its time to take off the Rose Coloured Glass ... stop drinking from that half full glass .... and look at what the Market is tell us.

Lets hope that WA drilling produces something very substantial on first drill.