By my calcs, we should be hearing some of this within the next...

By my calcs, we should be hearing some of this within the next few weeks - which should further de-risk (and thereby possibly warrant the next leg up in share price):

1. Financing close for the $150M debt facility.
2. Gas sale agreements
3. FY19 outlook - capex spend* (how many wells and where).
4. Updated curve for expected flow rates and return on investment metrics / IRR of wells.

*We know (as @rollacoaster has pointed out) that SXY has
$150 debt facility (to drill wells)
$150 funding of the processing plant (via Jemena) that SXY will reap the benefit from
$66M cash
$43M Beach free carry (7 wells, drilling of which should have already commenced)
$100M-$150M funding for processing plant for WSGP - similar to Jemena - this deal should be in the pipeline (and would affirm confidence in WSGP).

That's $510M - $560M in potential capex over the next 12-18 months (albeit not all directly by SXY). That is quite significant relative to SXY's market cap of $700M (and why I am looking forward to that FY19 outlook).

BPT went from $0.50 to $2.00 in a year. If SXY plays its cards right (and obviously is successful in the drilling), I think we are well placed to give BPT a good chase.

The next 12 months can't seem to come quick enough...