Ann: Senex FY 16 Half Year Results Presentation, page-60

Hindmost, Thank you for your lesson in basic economic theory 101
Although the difference is NEW supply in the case depends upon fresh capital , which is unlikely to be forthcoming.
US production will decline and not re ramp until oil back in the 60's IMO
The main driver to get price from 30's to 60's will be coordinated middle eastern and Russian production control = restricted supply. No easily achieved with a every man for himself mentality, but we will see.
Main point, oil is on the way up, Chicago boys club unable to control any longer, the have had their fill and will now let the price run.
In the case of Senex, this rise in POO may come just at the right time as the hedging expires.
Second case in point with BPT / DLS share shortly trading as 1 entity, we might see some switch and or we might see some corporate pressure re TO, not just from BPT.
Finally this should bode well for Senex and IMO we should see .23c in a few weeks.