Santos shares rose 2.6% yesterday, following a sharp spike in oil prices. The comanpy has had a promising year in general. Earlier this year, they issued a new and attractive dividend policy designed to pay out in these intermittent oil price booms.
Senex has secured rights to Surat Basin, a Queensland coal seam gas project. The 58 square kilometre area was hotly contested, with 12 other companies fighting for the rights.