Exciting times for SXY shareholders, page-8

Given the average price realised for the December quarter was A$91 and oil has risen since October 2017 and I suspect longer term we will see a cyclical high due to global underspend on exploration and development in recent years, I believe $100boe is realistic particularly given, Cooper Oil is sold as oil, WSG is sold at an oil linked contract price to GLNG and Atlas is going to be contracted at a peak in the domestic market.

Also Senex has $80m+ cash in the bank currently and plenty of unconventional exploration options including the upcoming Gemba well and also further unconventional drilling free carried by BPT (inherited from Lattice/Origin) that has $40m left to be spent.