FYI I have summarised the upcoming known drilling program below:
2 x Don Juan gas exploration wells have been spudded - I expect results in about 5 weeks in the August Drilling report
Gemba well - expected to be fracc'd by end of September 2018, should get results by early November at the latest but could be a lot earlier. This well could be huge for Senex as we havw 100% equity and the gas shows were better than they initially expected before deciding to drill the well.
At least 7 Western Flank oil exploration wells and 3 horizontal development wells - due to be finished by EOFY 2019. That is roughly one well a month for the rest of the financial year. All free carried by BPT. ID expects 2 of the 7 exploration wells to find oil, 3 would be upside - each well has a 20% to 40% chance of success.
WSG appraisal and/or development wells will be revealed in the near future I believe.
SXY Price at posting:
45.0¢ Sentiment: Buy Disclosure: Held