Tui just back online today so thanks heaps for you reasoned response regards sentient's intent. I appreciate your imput as I am a newcomer to senex by virtue of being a long term Stuart Pet. holder. You make a valid point also at #8 about our aussie small oilers copping a hiding in the market lately. I think you'll find the allords has fallen further this year than the ASX200 index. And yes your right SXY did pick up STU for a song but our sp was never going to reach full worth until a TO offer eventuated after the disastrous attempt to develop the Oliver oil field in the Timor Sea. Amazingly in May/June last year STU sp was in the mid to high 30's range, 36.5 -39c approx, I think 'twas, which was about when I expected a corp. raider to strike. So while I am pleased I bought more back then and have reaped 250%+ paper gain by converting them to SXY sh's now, I too predict there is a similar gain to be achieved with SXY as you forecast. You're right STU acreage has both CSG and wet shale gas underlying conventional oil/gas formations and the proximity to BPT Holdfast and Encounter wells can't hurt hey.
SXY Price at posting:
38.3¢ Sentiment: Buy Disclosure: Held
