Senex Energy Limited
(ASX:SXY) has started a review of its expenditure in response to current market conditions.
The oil and gas company will look at its capital, operating and administrative costs amid a potentially sustained lower oil price environment.
Senex says it has already put measures in place to cut discretionary expenditure and has no plans or need to raise equity.
Managing Director Ian Davies says the company is in a position of financial strength and remains confident of exceeding its annual production guidance.
Senex plans to update the market once the review is complete.
Senex Energy reported a net profit of $37.89 million in the 2014 financial year.
