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.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.