Firstly it is far better to strike wet gas than dry gas. The heavier 'liquid' gases, and liquids, are much more valuable.
At this stage SXY is well ahead of BPT and STX in this regard. See Vintage Crop news. That is not to say that STX and BPT won't get some juicy wet finds as well.
The wet versus dry debate is much more applicable in the USA where dry gas prices are weak. In Aussie however, prices are higher and we could actually have a situation where dry gas plays an important part of meeting the Majors Gladstone requirements should CSG development be held up due to environmental problems or stalled development.
SXY is sitting on some very promising acreage which could end up becoming a world class resource.
SXY Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held
