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$3.10 senex energy limited

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g12m0

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13/08/18

20:34

Post #: 34909704
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Originally posted by rollacoaster ↑

The Mimas 1 & 2 wells have proved up WSG for at least the next couple of years worth of production drilling, in fact one of those wells was noted as one of the reasons why Senex was able to increase reserve estimates of WSG

With regards to Atlas, about 40 wells have been drilled by other companies right along approximately 50% of the border of Atlas, the company that Senex (and most CSG companies) uses for reserves certifying has access to the results of those wells and has certified Atlas accordingly. Pretty much Senex has been able to use other companies to do their exploration and appraisal drilling for Atlas for free.

Good result if you ask me.

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Yes, the same CSGreserves certifier made SXY downgrade the reserves in Don Juan based on flow rates of WSGP.

SXY Price at posting: 48.0¢ Sentiment: None Disclosure: Not Held
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