Ann: Fortnightly drilling report - Another succes, page-8

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  1. 1,189 Posts.
    re: Ann: Fortnightly drilling report - Anothe... Tui,

    I have had a read of the AR and agree the outlook is certainly promising.

    However, the $600 million (net of cash ) market cap is up there when looked at in terms of current reserves and production. Then again it has pulled back a long way from earlier in the year and seems to have bottomed so it looks like a good opportunity to buy , but I'm asking myself how much is the company worth ? Even at a much higher market cap, BPT kind of looks better in terms of booked reserves, production and also has huge upside to success with the Cooper shales.
    RFeading commments on here I get the sense SXY has a lot of growth potential in the near term.
    Can someone who knows this co. well pl tell me what I could expect SXY to be producing and holding in terms of reserves in say another 24 months (assuming it isn't bought out).

    Chrs

 
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