SXP sapex limited

sapex.com.au has some useful info, including the presentation to...

  1. Macka69
    89 Posts.
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    08/10/07
    11:07
    Post #: 2871521
    sapex.com.au has some useful info, including the presentation to the Excellence in Upstream Energy conference 22 May 2007. Some snippets from the oil section:

    * Previous seismic work from the 1980s (1400 km) covered 10 - 15% of the basin

    * The targets are shallower (at approx 1,500 metres)than the Cooper Basin

    * Previous exploratory drills showed "some indication of hydrocarbons"

    * The Arckaringa, unlike the Cooper, has marine shale ("magnificent source rock and magnificent seal")



    SXP Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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