Australia's largest stock trading and investment forum Australia's #1 stock forum

SXY

Click for more information

0.00%

$4.60 senex energy limited

Ann: Surat Basin operations update, page-23

First 23 Last

Share
Profile

Follow
rollacoaster

5,719 Posts.

1600

01/08/19

22:30

Post #: 39820825
Share

Originally posted by psi81 ↑

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.

Expand

Thanks mate! Always helps to have an unbiased view on it all.

SXY Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

NEU

Neuren Pharmaceuticals dips after pediatric Angelman Syndrome Phase 2 trial results fail to impress

HZR

Hazer Group reports ten days of continuous operation at graphite-manufacturing test facility

Dale Gillham's weekly wrap: picking resilient stocks in a volatile global market

Week 32 Wrap: AI is clearly overhyped – but did we see ‘bubble’ burst already? Plus RBA decision; Japan’s wild week & Google ruling

TKM

Trek Metals jumps 5% as gold & REE drill run kicks off at Christmas Creek in the Kimberley

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

Revolutionary inverter technology leads the clean energy charge

Emerald & Azure score Digger & Dealer awards

TNC

True North increases silver metal at QLD's Vero deposit by 20%

Bitcoin: Current State of Play & Where to Next | Swyftx

First 23 Last

Add SXY (ASX) to my watchlist