Nat Gas Price, page-18

On 'Atlas is no cash cow - Jemena fees to high', how on earth do you know what the Toll is that Jemena/Senes have contracted? Senex has a lot higher WACC than Jemena, who can borrow for Sweet bugger all. Senex specialise in Upstream, let someone else deal with the downstream, probably less cost and less risk for Senex to outsource this to Jemena so it was a no brainer.

Also the 6% ANZ interest steps down once the projects are completed to circa 5.5%, I doubt we will ever fully draw the total available amount and also the funds will only be drawn as needed anyway. Also 6% for a company like SXY is cheap, would you rather they raised capital via dilution to pay??