Antares' waiting game

ANTARES Energy is continuing its passive watch-and-see strategy for its remaining assets in the Permian Basin, with no drilling commitments remaining on any of its leases, while it waits for others to derisk the Spraberry unconventional play in its neighbourhood.

The Texas-focused junior, which sold its successful Southern Star production assets to Breitburn Energy Partners in October 2014 for $US50 million and 4.