SXY 0.00% $4.60 senex energy limited

Ann: Surat Basin operations update, page-22

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  1. 6,322 Posts.
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    I don't rate Roma North at all unfortunately, never have - and I've been looking at it for many years. The coals up on the Roma Shelf are too thin, too shallow, too undersaturated and too close to permeable sandstones. You can see from that chart it's taken 2 years to ramp up to a mere 8 TJ/d which is not good.

    Santos have had a lot of trouble with their Roma field as well. At the high costs in the Qld CSG industry the whole area is going to be a real challenge. SXY has the benefit of lower costs than the majors, but I think their wells will be lucky to average 0.5 PJ EUR per well.

    Atlas is a different story. It's a great block and should be a barnstormer. Should average more than 1 PJ per well easily, maybe 1.2 PJ.
 
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