SXY 1.59% $3.10 senex energy limited

Ann: 2018 Annual Reserves Statement, page-19

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  1. 1,360 Posts.
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    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.
 
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