Takeovers for growth, page-31

I think 30 oil wells per annum is okay bearing in mind that SXY are gearing themselves up for a pretty big gas development plan that will eventually see gas become Senex's top priority and income stream.

ID has taken this company from a MC of $100m to $800m within 4 years.Revenue has grown from $10m to nearly $200m per annum. Last years driling program was very successful. I would imagine a similar number of oil drills next year but with more of a focus on pure exploration.

They have raised about $230m over the last few years and remain fully funded for all projects with no debt. They operate with a majority equity in about 40% of the SA Cooper basin-one of the best oil and gas basins going.

This company will one day have an income stream of over $1 billion per annum. This company has the resources, the Board and the Management to achieve this. Okay it might take 5 years to get there but that is where they are heading.

Senex is building an Energy Company.