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$3.10 senex energy limited

Yepp - great outcome this. $43M free-carry to be spent on oil...

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tt2000

2,345 Posts.

539

17/04/18

14:19

Post #: 32504371
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Originally posted by curiouswon ↑

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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Yepp - great outcome this.

$43M free-carry to be spent on oil opportunities on the western flank. Makes perfect sense with the price of oil.

In addition, Senex receive full interest I the unconventional gas acreage which they can JV up again!

6 trading days until we see the quarterly report which could contain significant catalysts for a pricing re-rate!

Exciting times to be an owner of this gem

SXY Price at posting: 42.8¢ Sentiment: Buy Disclosure: Held
9 Upvote

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