Senex production and capital expenditure guidance

Company News

by Anna Napoli

Oil and gas company, Senex (ASX:SXY) says FY19 oil production is expected to exceed this year's levels with a guidance range of 1.1 to 1.5 million barrels of oil.

Meantime, capital expenditure of $110 to $130 million is expected to accelerate Senex's projects in the Surat Basin as well as oil exploration and drilling in the Cooper Basin.

In addition to the guidance the company today announced the completion of its $150 million senior secured debt facility.

CEO Ian Davies says 2019 will be an active and exciting year for Senex as it accelerates exploration and development programs to drive a step-change in production and cash flow.

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