SXP sapex limited

is this cheap, page-7

  1. 6,757 Posts.
    Its not really a UCG stock - thats just a side interest which has been farmed out to LNC. They see themselves as primarily an oil play (with billion barrel potential) though the CSM also is very promising if currently a little stranded.

    Should get a lot more interest once they start working on the oil imo. I will probably sell it then as not really my area of interest but the size of the target for the price offers enormous upside to those with an interest in this sector - the gas could be a very handy little sideline with the work paid for by others.
 
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Currently unlisted public company.

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