Ann: Southern Cooper Basin Gas Project - Update, page-34

thanks! I can't answer for your friends and colleagues but I bet one thing for sure, although they dismiss STX and it's chances they would all be following STX with a keen sense of interest!!

What you say about lack of faith is quite correct and evidenced by the fact that up to this point in time there has been very little market bidding/interest (ie faith) in STX. STX has painfully crawled it's way to 12 cents on the back of buying from a small but reliable troop of true believers (STX Management amongst them) and that is on the back of outcomes that have exceeded all expectations for Cooper thus far!

As I see it, from here, two things will possibly rock that mindset. Either BPT announcing similar test results to Klebb & Chiff at Davenport 1 (although the well completions were different) and/or Orica electing to go forward with the first tranche of cash! If either or both come along any time soon then even the worst Cynics amongst us will have to reassess their assumptions (based upon the street credibility of both) about the potential of these Cooper coals!

I back DW and the STX team to deliver something very exciting in 2015 but those are my personal thoughts only!! Although STX have got a few things wrong along the way (remembering that the Cooper is an exploration project) like no water in the coals, then heaps of water and finally manageable water, they have always maintained a conservative approach when reporting. So when they say "All project objectives already achieved" I believe them wholeheartedly and remain quietly confident STX are onto something BIG........

Pure spec!!

HC