Senex Energy Limited
(ASX:SXY) has recorded an increase in its cash balance for Q2 FY16 .
The company reported an 87 percent increase in its cash balance to $99.6 million in the December quarter.
This follows the transaction with GLNG for the development of the Western Surat Gas Project, completed in December, with $42 million received.
Senex Energy said it is on track to deliver FY16 production guidance of 1.0 mmboe to 1.2mmboe, with the Vanessa-1ST well and the Martlet-2 well expected to be online during Q3 FY16.
Senex Energy recorded a net loss of $80.65 million at 30 June 2015.
