Senex Energy bankers up for Origin Energy's Ironbark, page-20

Hi @tui,

I think he mentioned that Street Talk were just "stabbing" as SXY openly said they looking at assets that fit our strategic priority.

I didn't know how to read into his reply.

My initial thoughts were he was shutting that analyst's question (who got the hint and didn't probe him further), and possibly playing it down to avoid market sensing a CR.

I think SXY are interested and bidding, but with what we have coming online in Atlas and WSGP and ramping up to 4mmboe - will not be participating as a desperate buyer for the sake of it.

I agree with rolla, we would likely be bidding at a price on our terms ($100-$140M) and if we get it would be a decent acquisition - and value accretive especially if we get our DD right in respect of the upside from the reserves that were written off

Cheers
Tt2000