I don't think SXY would have placed the following in todays ASX drilling report if ORG was going to walk...
UNCONVENTIONAL GAS EXPLORATION UPDATE In mid-October, Senex will spud the first well within its Cooper Basin unconventional gas exploration program with Origin Energy. The Efficient-1 well (PEL 637: Senex 60% and operator, Origin Energy 40% (ASX:ORG)) is designed to evaluate stratigraphic traps in the Patchawarra Formation (primary target), within the Allunga Trough in the southern Cooper Basin. Easternwell Rig 106 has been contracted and is mobilising to site. The joint venture has planned four gas exploration wells in the FY16 work program, for which Senex is free carried for its share of expenditure.
I'm in at 15c looks to be interesting times ahead !!!
SXY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held