Financial close is just procedural (i.e. dotting i’s and crossing t’s) and not contingent on anything
Expected in 4-8 weeks
Outlook (in terms of production and capex) will be provided following financial close
The outlook will not just be for FY18, but will be for FY19 and FY20 and possibly FY21 as well!
Western Flank
10 wells being drilled by BPT – SXY is fully carried in FY19
Brigade 1 has already discovered oil, will come into production Q3
SXY’s strategic priority is Western Surat and will be deploying capex there
Disappointed no drilling report today, no news on the BHP wells or outlook / financing.
I do think it is almost a certainty before the next quarterly update - in 3 weeks.
That should be the catalyst for the next leg up - last time SXY announced a whole heap of info together 31 July - we jumped from 41 to 48 within the week...
Hopefully this rivals that, as it is more material I think
