Excellent. Senex has done well in the same area
WSGP wells ramping up
SXY reported a jump in production from its Phase 2 wells in the Western Surat Gas Project (WSGP), with production reaching 2.7 TJ/d at the end of the March quarter and still growing towards their plateau rate. The average performance from the Phase 2 wells remains on track with SXY expectations. We await the setting of SXY's FY19 capex budget to see the pace of development from here for WSGP.
We note SXY could press on with Phase 3 (30-50 wells) and ratchet up production from WSGP quickly, or prioritise development of Project Atlas and set a more gradual pace at WSGP.
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