re: Ann: Senex confirms basin centred gas pla...
101 ... On your question about wet gas ... It's Referring to what is a liquid at downhole pressures. It's gas when it gets to surface. Most wells will be mostly methane (CH4) but will have small proportions of ethane (Petrochem feedstock), propane (bottled gas), butane (lighter fluid), etc. The more the better, since these gases are worth more. The EF wet gas window is multiple times wetter than the wettest of what SXY might have. And note that many parts of the Cooper Basin have CO2. Not saying SXY is bad ... Far from it ...just that it's not Eagle Ford either.
SXY Price at posting:
71.5¢ Sentiment: None Disclosure: Not Held