"With $100m CAPEX they are planning on spending 1/2 of all the cash reserves and FY15 profit to fund exploration. so if the exploration doesn't pay off. Hummmmm ??? "
Senex will be free carried for the first $169m of work in the deal with Origin, so there is a lot of potential there.
As in all exploration there is risk. This is an exploration and production growth company.
Good to see they have a strong foundation to build on.
You can't make an omlete without breaking the eggs.
SXY Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
