SXY 1.59% $3.10 senex energy limited

Ann: Senex secures final environmental approval for Project Atlas, page-8

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  1. 1,360 Posts.
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    Definitely been a long road to get to where we are today.

    Atlas has been a blessing and a curse, excellent asset that went straight to the front of the queue and therefore set Roma back quite a bit. On the upside, the 30 Roma wells will have done a LOT of Dewatering for the next set of Roma wells and Senex would have learnt a lot from operating those wells for such a period of time. Atlas and Rom wells to be drilled will benefit from this experience.

    Gemba is on an extended production test currently and we should get results on this in the next quarterly. First gas from Gemba could arrive in late 2019 which could help the SP greatly.

    Hopefully the Roma/Atlas drilling contractor has a drill rig and team ready to go. Hopefully we find this out ASAP.

    Also it is worth noting that the ASX and not Senex that determines what gets the 'price sensitive' tick. There is no way the ASX are going to know what is actually going to be price sensitive allthe time given the number of companies and number of announcements each day.
 
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