Market would have not liked no spike in quarterly revenue, although Davies did reassure that that the next quarter will be better. IMO they need to find a gusher like DLS did or have a big conventional gas discovery to get any significant price momentum.
As for the lack of dividend, this is not an issue, as Senex is in a growth phase, so it is a better strategy to use the cash for exploration.
Any thought on a takeover of ICN or COE. I'm not too sure about COEs' market cap and whether it would be too big.
There has to be some consolidation in the Cooper sooner or later-and when it happens- that's when the money will be made.
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