JCoure,
I'd tend to agree with your basic premise. SXY have a enormous acreage position in the Cooper with GAS potential, and wont a partner with Funds and Customers to buy the GAS = Origin. So SXY would without doubt be revisiting any prior interest to JV the GAS assets, and bring them to market, now that their revenue dynamics are different now. I'd expect in the very near future 2 positive events for the Senex SP. Firstly is 2P Reserve upgrades across their OIL fields and GAS permits. Secondly a JV Farm in partner for Hornet and Surat Basin Gas Project. Also there is always, in play IMO, a full blown TO offer from a larger US player taking advantage of the Currency differential.
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