LotMBe careful with your judgement on the Murta resource. In...

LotM
Be careful with your judgement on the Murta resource. In Senex's reserves release they note that it is regionally extensive and that the resource estimate is based only on conventional wells where production has been demonstrated (reserves assessors are notoriously conservative). They have only booked the green squares on the map in page 4.

I suspect it could easily be 10-20x larger, ie a billion bbl of OIIP. Following a a successful horizontal well test (almost a given that it will succeed with vertical production already), I suspect Senex will look to define the areal extent and book a much larger contingent resource.

Hmmm, I own SXY but might have to top up with some OXY.

OK