The short version of my original post:
Senex paid $400k for 20% ($20k per 1%) from a distressed seller for what Origin paid roughly $80m for 80% ($1m per 1%) in the peak of the cycle.
And the kicker is Origin paid that price for the Deeps section (ie only the unconventional gas depths). Just got to find another sucker in the next peak.
The short version of my original post: Senex paid $400k for 20%...
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