@tt2000 . I believe he is saying they are sort of duds. They are not a 45 calibre but more like a 22. They can do damage but you will require several of them to get the job done. Meaning loads of capex and dewatering just to get the gas quantity needed to make it commercial. WSGP is not the saviour project people think it is. Reecntly. Wallumblla gas prices have dropped from $10 Gj to $8Gj. That would NOT be helping the ROI for WSGP , and that maybe troubling the "all of Company financing solution " ID has been working on now for almost 1 year.
Lets face it, Santos nearby numbers were NOT great. NO flow data has been released by SXY on our adjioning wells. It's being withheld as it is contrary to ID's many pretty pictures and graphs.
I am clearly in Camp 2 tt200 , with you it seems.
Senex has many other good assets to develop. We just need an MD who is interested in extracting some wealth for SH's and not only for himself at $17K per week.
Senex is an exploration Company ... Do some exploring and deal making for your $3k per day ID.
SXY Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held
