Continuous growth in our oil and gas business
Underlying financial strength:
- Zero debt and fully funded: $102.5 million in cash as at 31 December 2013;
- On track to deliver capital expenditure guidance of $120 million to $140 million for FY14.
Production and reserves growth on track for FY14:
- Oil production of 1.4 million to 1.6 million barrels;
- 2P reserves growth of 4 million to 6 million barrels;
- Continued reduction in operating costs.
Major milestones achieved in our Cooper Basin gas business:
- Senex and Origin Energy agree gas farm-out involving up to $252 million work program;
- Senex and SACB JV agree Hornet GSA.
Focused on growing shareholder value.
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