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$3.10 senex energy limited

I certainly won't be complaining if its more - the more...

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tt2000

2,345 Posts.

539

30/07/18

14:51

Post #: 34626488
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Originally posted by Elliot5 ↑

Phase 3 of WSGP is suggested as 50 new wells which is meant to get gas production to over 16 TJ/day
(~1 mmboe per annum) by 2019.
That's NOT aggressive enough IMO , that's why I hope its the full $300m USD proposed by EIG.
Allowing Senex to aggressive move WSGP forward AND at the same time get cracking on Atlas.
As 16TJ = 1m BOE is just NOT juicy enough to capitalise on the East Coast Gas Shortage.
Get cracking Senex !!! Lets hope the Debt Funding amount is the Full $300m USD and not $50m.
As per the morgans research, once funding solution is behind us, this should take the hand brake off the SP and we can run up to my 52c target quickly.

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I certainly won't be complaining if its more - the more aggressive the better!!

SXY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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