SXY 1.59% $3.10 senex energy limited

Ann: Transfer of Lattice gas free-carry to western flank, page-3

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  1. 1,894 Posts.
    lightbulb Created with Sketch. 98
    So Senex effectively advises us:
    - ORG (then Lattice) was providing SXY with money to explore what SXY would not have thought a priority to explore with its own $
    - SXY and Beach (who both know the region better than ORG) are going to spend the $43M developing near term production on much more certain fields
    - SXY get the whole of the unconventional gas area assets back (with more knowledge than prior to the ORG transaction) and is now positioned to take the opportunity forward as it sees fit with possible future partners as it sees fit (eg could do another ORG-type JV).
    All positive as far as I see it!!
    Very good deal for finances, assets and strategy.
 
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