Senex flags a 43 per cent increase in production growth

Company News

by Anna Napoli

Senex Energy (ASX:SXY) has today announced FY19 production growth of 43 per cent to 1.2 million barrels of oil (mmboe).

The oil and gas company has achieved a near fivefold increase in gas production and a 4 per cent increase in oil production from the prior year.

It has been a busy quarter for the company with the sale of its Roma North facility to Jemena for cash consideration of $50 million on completion and facility expansion arrangements agreed.

Senex CEO and MD Ian Davies says the company continues to deliver its Surat Basin gas developments on schedule, to budget and with excellent safety and environmental performance.

Shares in Senex (ASX:SXY) closed 1.41 per cent higher at $0.36 yesterday.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.