Senex Energy Limited
(ASX:SXY) latest drilling efforts have shown mixed results.
The petroleum explorer and producer recently completed drilling at two wells in the South Australia Cooper-Eromanga Basin.
The Akela-1 well, a joint venture with Cooper Energy and Orca Energy showed trace to poor oil shows. The well has been cased and suspended for future evaluation.
The Sheerkhan-1 well, in partnership with Drillsearch, has encountered good oil shows and will undergo testing and evaluation.
The company recently reported first commercial gas sales from the Hornet field in the Cooper basin.
Senex Energy reported a net profit of $38 million for the 2014 financial year.
