Senex Energy Limited
(ASX:SXY) says it expects to deliver record net oil production of 1.2 million barrels for the 2012/13 financial year.
The oil producer says it’s already reached its annual target of one million barrels of oil before the year end.
Senex Managing Director Ian Davies says the company will continue to consolidate and stabilise production operations and also work to improve efficiencies.
Mr Davies says the good result was due to the strong performance at Senex’s existing oil fields on the western flank oil fairway as well as new discoveries, Mustang and Spitfire.
Senex Energy reported a net profit of $23.4 million in the first half of the 2013 financial year.
