psi81, SXY has the oil crews and the ability, through 3D to unlock a heap load of Cooper Basin oil. I think they will add considerable volume, almost effortlessly and at great margins.
When it comes to tight gas they will introduce a partner with experience. And then they will build their own processing plant making them very competitive.
SXY has 2 very long bows. One is lucrative oil. The other is high class tight gas from and other fields destined for the East Coast. And in the quiver is their CSG.
I have queried Davies and Patten about their increasing staff/admin. Believe me this is a growth company and they do not employ staff idly.
SXY Price at posting:
76.0¢ Sentiment: Buy Disclosure: Held
