SXY 1.59% $3.10 senex energy limited

Quarterly Conference Summary, page-53

  1. 1,360 Posts.
    lightbulb Created with Sketch. 556
    Quite simple why no capital raise is needed IMHO @Ya

    Spending between $220-$250 of which say around $20-$30m was already spent in the September quarter (the guidance was from 1 July 2018)
    That leaves say $200m-$230m left to fund.

    Cash at 30/9/18 was $57m, that leaves between $140m to $170m to fund.

    ANZ facilty is for $150m, that leaves up to (at worst) $20m to be funded from operating cash flows over the entirety of two years. Senex already spits out positive operating cashflows.

    The above doesn't even take into account that BPT is free carrying SXY for $24m which I suspect is included in the $250m capex spend or that another deal similar to Jemena/Atlas may be struck for WSG.
    Last edited by rollacoaster: 29/10/18
 
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