SP, page-66

The following is the P50 curve that SXY released on 21 February 2017 ‘Senex sanctions $50m investment in Western Surat Gas Project’.


In June - the wells should be producing at around 10+TJ.
When I requested this information from SXY management, initially I was told that the announcement that I referred to was from 21 February 2017 (which I had stated in the email), and that new information had since been released.

I responded that the only announcements was production at around 2TJ, and then Ian's comment in the March quarterly conference (in April) where he mentioned 2.7TJ. I requested one thing only:
Confirmation that the current run rates were ahead of the timing adjusted curve above (given WSGP started at a different date to what was assumed at 21 February 2017).

They responded:
"they are not in a position to comment further in accordance with the rules and our obligations around selective disclosure"

If the wells are not producing as expected, then I view this as information that is material to price or value, and would hope that they are obligated to release as part of their continuous disclosure requirements, especially given WSGP is 35% of risked value (based on Morgan's June-18 valuation).

Great question @g12m0 - it is one we should all be asking. WSGP is 35% of our asset value and we have had no update - absolutely ridiculous job by management on this....

The question I have is why do they refuse to update the market...