Ann: PGS: Sale of Interests in Cooper Basin, page-16

Mongy,
Oil is in an upward trend. Too little investment over the last four years. Add on a requirement that marine fuels have their sulphur levels reduced from 3.5 % to 0.5 %. This is a drain on refining efficiency which will have a net effect of increasing world consumption by 1.5 million barrels per day. This is a big move, particularly as oil consumption is forecast to go over 100 mbpa next year. It almost says goodnight to Canadian Tar sands.

If you go to a bbq I revell in telling people that oil is not dead. I tell you, the public think it is all over. They are so mistaken. Oil is going up. Just read today that Haliburton are struggling in the Permian.

Maybe up and down and maybe only a few dollars. THe world runs on oil and there is only 1.5 mbpd of spare capacity. A level which analysts say is frightening. In Australia's case it is worse. 30days security in case something goes wrong.

In my opinion the world's oil supply situation has never been so frightening. If something goes wrong , go to your supermarket and buy 6 months supplies
Nothing moves without oil.

SXY has a growth strategy based on oil and gas. Gas is it's biggest bow but this deal with Beach is a good one. Off to a flying start. Quit the bad and get on with the good.

Senex is getting itself into a very strong position.

It is called a STEP CHANGE.

Every one who has read their reports will understand that this is better than money in the bank. Providing that oil and gas stays above $60 and $7.

Senex is a Growth Machine.