they now need more funds.they need $20m to pay for their share...

they now need more funds.

they need $20m to pay for their share of pipeline, plus they need more money to fund 3 new wells in the new permit they just farmed into. that new wells would cost at least another $10m maybe?

Senex did say they are to raise more money - yet to release details of placement.
they have released the above news to keep market informed and level playing field.

IF - IF they make a placement to beach as someone suggested - that will be fascinating.

imagine a combined beach/Senex group?!