Ann: Civil works commence for Surat Basin drilling program, page-14

I have a small, newly bought position in SXY, 8000 shares.
A large position for me would be about about 50,000 shares worth.
I am expecting further strength in the USD as US yields are high relative to RoW, and other Central Banks fight to keep their currencies low. This will pressure O&G prices in the next 3-6 months.
As the US rate outlook worsens in Q3, USD weakness will assert itself. Other Central Banks will run out of firepower and O&G prices will rise.
Libs re-election tonight bodes well for SXY. Supportive government and higher prices are what it needs to allow it to hit it's forecasted growth and development goals. If the share price stays at current levels I'll be adding more. Plenty of time to get set.