Ann: Senex reaches approvals milestone on WSGP, page-8

That's why I tend to follow the money (though I was already set in this and in the accummulation phase when EIG joined).

I've been waiting for May so that I can say by next month so many stars will align for SXY
- Funding of $150M
- Details of drilling campaign (how we will spend the $150M)
- Processing plant update - partner v do ourself
- Gas sales agreements
- Petroleum lease for Atlas
- Sale of non-core assets
- $43M spend by Beach (in addition to the $150M above)
- Further increase in gas production from 30 WSGP wells in line with typical curve which increases in the first year
- Reserve upgrades (Atlas)
- News as to whether SXY won any additional leases that they tendered

SXY have stated that they are targeting mid-year for each of the above (apart from the last point).

Today was the first of many ducks to go. With the always improving oil price, and a potential takeover based on "cheap" reserves, the stars couldn't be more perfectly aligned.

I expect a price rise as each of the above milestones are hit - I feel it is going to be a great 2 months to be an owner in this.