So just reflecting on the events of the last week as they relate...

So just reflecting on the events of the last week as they relate to XST. Cracking result from the court case, $43mill AU in damages awarded. I would assume they can appeal that, but would need ground to appeal and since they did not submit anything in defense that would be difficult, then its down to Singapore and enforcing the damages. So thats likely to be into Feb I would think. Whether we collect by asset seizure of come to an agreement remains to be seen, the defendants would be silly to let it get to the seizure stage logic would dictate....
So all in all a meaty cash infusion should be coming XST's way in Q1 next year.
So, onto the events of Dempsey, alot of discussion, so I don't need to drag that up. Strategically, the delays due to some sort of engineering on the latest zone could work nicely in XST's favour in that the testing costs to date should be covered by that last CR, and future costs including Alvares should be well covered by the damages claim/settlement.
Ironically, it may pan out that XST are by far and away the most well funded of all the partners!
The other positive of course is that funding injection will allow Cosimo to move forward with the acquision strategy along with Dempsey/Alvares. The Sac basin can then run its own course timewise fully funded with producing asset acquision being the main game.
So plenty to look forward to in 2018.