Beach would be an ideal buyer, however having divested their csg...

Beach would be an ideal buyer, however having   divested their csg assets years ago, they might not see Senex   as  a natural fit for them at this stage of their transformation into a major player. The problem is that the Surat  GLNG project is not yet off the ground in terms of being  entirely derisked, for any suitor to have confidence the project will be  cashflow positive for them. Sure, the SP is cheap at the moment , but for a reason. Senex needs to get the wells dewatered and flowing at good rates. Then we might see some action.
From the quarterly........
Production from the
Phase 2 wells has since stabilised at around two terajoules of sales gas per day, noting that several wells are
experiencing downtime due to commissioning issues in the field. Notwithstanding these initial operational
challenges, the production rate is
ahead of P50 expectations, indicating good permeability and partial dewatering
in the area from GLNG Roma production located directly to the south.