They have 89m shares in issue - sorry was confusing them with Magnum. 90m x 2 cents is A$18m of wannabe gas. Seems to they they are jumping on the bandwagon, get in lot more shareholder money (use Tlou success), use that to drill a lot of wells using new drill technology supplied by Ron’s private business interests. The size of their leases are small - will they need permission of neighbouring lease holders to evacuate gas/power to wherever. I suppose there is a chance to make some gains here - don’t be left holding the baby
SXA Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held