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$3.10 senex energy limited

I dont think Santos had a plant near Atlas? so not sure that the...

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rollacoaster

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28/07/18

19:57

Post #: 34609062
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Originally posted by tt2000 ↑

I really think next week will see us approach or break 50 - due to the news flow (your option 2).

Unfortunately, the Jemena deal makes a T/O from STO less likely as STO have a processing plant (which would have been a synergy in the absence of the Jemena transaction). Unless there are termination rights at little cost, the Jemena transaction all but kills STO being interested the way I see it - hence, why I think ID was so eager to get this deal over the line in preference to the financing.

There's also resolution 9 (refer photo below) that we all voted for that ID was also keen to get passed.

No T/O is not a bad thing - so long as ID pulls his finger out and gets on with some drilling - which hopefully we will hear news of next week! I think there is now upside without a T/O provided our management deliver instead of idly twiddling their thumbs and focusing on poison pill strategies to avert T/O interest so they can retain their $850k salary. View attachment 1213722

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I dont think Santos had a plant near Atlas? so not sure that the Jemena deal would scare Santos off.

Santos have plenty of infrastructure near WSG which we are pretty much plugged into.

SXY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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