BPT's annual report says this about SXY: "After negotiations...

BPT's annual report says this about SXY:

"After negotiations with Senex, it has been agreed to transfer the commitment of up to $43 million to lower-risk, expected higher-return oil opportunities in Western Flank permits ex PEL 104 and ex PEL 111 (Senex 60% and operator, Beach 40%). The joint venture will commence an agreed work program in early FY19 that includes at least three horizontal development wells and seven exploration wells, and associated infrastructure, over approximately 18 months. The former Lattice earned interest in the unconventional gas acreage will revert to Senex in full, subject to pre-emptive rights. "

BPT's annual report confirms the free carry that SXY have in relation to these wells - which has a payback period of between 2-6 months.



Hopefully we hear some news on this tomorrow too.