Ann: Gemba-1 gas discovery ready for production, page-39

Not sure if someone has posted this one, Macq post Gemba Ann..

Macquarie rates SXY as Outperform (1) -

Successful production testing of Gemba-1 has allowed Senex to bring the well on line, with a target of end-2019. Macquarie now includes the well in its forecasts.The major contributor to valuation is nevertheless Project Atlas, which should see significant de-risking catalysts in FY20, the broker suggests. Outperform and 55c target retained.Target price is $0.55 Current Price is $0.39 Difference: $0.16 If SXY meets the Macquarie target it will return approximately 41% (excluding dividends, fees and charges).