Quarterly oil production and revenue set new highs
- December quarter oil production up 16.7% on the previous quarter to a new high of 0.35 million barrels (mmbbls);
- Oil revenue up 13.2% quarter on quarter to a new record of $44.5 million;
- Average Australian dollar oil price of $131 per barrel.
Drilling success to lift production
- 15 oil wells drilled in the six months to 31 December 2013, with 13 of those wells cased and suspended as potential oil producers;
- Senex on track to drill 30+ oil wells in FY14 and meet annual production guidance of 1.4 mmbbls to 1.6 mmbbls.
Exploration success expands portfolio
- Exploration delivered new oil discoveries at Acrasia, Burruna, Dunlop and Worrior oil fields in the quarter;
- Initial contingent oil resource quantified within the Murta Formation across South Australia’s southern Cooper-Eromanga Basin.
More than 450 leads and prospects identified
- Prospectivity analysis across Senex permits in the Cooper-Eromanga Basin delivered more than 450 oil and gas leads and prospects.
Strong financial position
- Zero debt and $102.5 million cash balance at 31 December 2013, comprising cash and liquid investments.
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