Senex Energy Limited (ASX:SXY) has announced a net profit of $1.9 million for the six months to the December 31, 2011.
The profit is underpinned by a rapid increase in oil production from assets based in the South Australian Cooper Basin.
The energy company says it’s on track to achieve the oil production target of 700,000 barrels of oil.
Just last week it was reported Senex is set to sell its equity interests in Port Bonython Fuels to Mitsubishi Corporation.
