Broker data, page-22

With all due respect , I disagree, yes there are a shite load more shares on issue but they weren’t issued for management holidays. We have tier 1 acreage in scale with our 5th generation frac that has transformed our existing acreage economics when oil was $50, oil will have a 7 in front of it some time this year and SEA will use the most current state of the art Eagleford completions on these PXD wells that were using 2015 frac recipe. These new investors committing US $230m AT 5.9 understand this. I’m not saying it’s going to sail on up to double digits without some churn but the longer oil even stays at current level or god forbid goes higher , makes SEA the most compelling ASX energy play on the market . Of course I could be wrong , it’s hsppened before, but I think we are finally on a winner