Ann: Transfer of Lattice gas free-carry to western flank, page-4

Yep great result:
- Removes SXY's capex/cash requirements for the Western Flank for the next 18 months and frees up cash and (future) debt solely for WSG and Atlas development to the tune of $40m+
- Accelerates and increases Exploration and Production from the Western Flank
- Allows Senex to sell/farm down the Unconventional assets again at a later date

Would have been nice to spend the $43m on unconventional assets but given the risks, costs (when free carry runs out) and timeframes involved as well as the fact that the first three wells either found nothing or ran into trouble, this is such a good result.

The original deal with Origin has effectively result in a few (failed) exploration wells and now a $43m gift for Senex to further its base business.