Ann: June Quarterly Report, page-113

Brokers/Media have been desperate for SXY to be part of the possible corporate action in the Cooper Basin and after falsely calling it last year that Seven had a position in SXY.... just maybe they have taken a position, but its not surprising since SXYs shares have been decimated.

I still don't think that SXY is a good fit for BPT, it brings nothing to the table... but thats just IMHO.

Seven-Senex bid tipped

Heavy share trading in the oil and gas minnow Senex Energy in recent days has fuelled speculation Seven Group is preparing to unleash a long-awaited consolidation play.
The Kerry Stokes-backed business already controls the biggest companies operating in central Australia, with a 19.9 per cent stake in Beach Energy and its rival Drillsearch.
Seven is widely believed to own a sliver of Senex.
But the group may soon emerge as a substantial holder in a third player in the region.
On Wednesday 12 million shares or close to 3.5 per cent of Senex’s register changed hands at 18.7c.
Senex shares have been on a downward trajectory since April and in the past week the volume of shares traded has shot up. Beach and Drillsearch own profitable oil ventures in the Cooper Basin, and their overlapping permits and interest make a merger a logical, cost-effective strategy.
Meanwhile, as first reported by The Australian’s BusinessNow blog, Commonwealth Bank offloaded 2.8 million shares worth $200m in an bookbuild to mop up the institutional shortfall on the lender’s massive $5.06bn rights issue.
The scale of this second phase of the deal was foreshadowed by DataRoom.