Senex Energy Limited
(ASX:SXY) says it expects to boost its annual net oil production by a further 66 per cent as it delivered its full year profit results today.
The oil producer generated $8.9 million in net profit for the year, rebounding from a $3.5 million loss the year before.
Senex says the result was largely underpinned by a surge in oil production at its Cooper Basin oil fields.
Managing Director Ian Davies says it was placed on the S&P/ASX 200 index in April this year as its market capitalisation expanded.
The company is also focused on developing world class unconventional gas resources in the Cooper Basin following encouraging exploration results.
