Look at the way they report production - by well.
You get to see how much oil, and boe has been produced by each well each quarter, as well as cumulative production. In addition they show how each well is performing against the type curve. Significant outperformance hence my base target of $30USD or 50c AUD.
Now look at SXY - the 30 wells were meant to produce 15TJ as per the chart below.
Now they have 50 odd wells producing 11TJ (still significantly below the type curve below), despite the addition of more wells.
What's worse is SXY have stopped reporting production against the type curve and have just completely ignored the sub par performance.
I think you will see a big difference if you compare the performance of their share price over the next few months
SXY Price at posting:
32.5¢ Sentiment: Hold Disclosure: Not Held
