Senex Energy Limited (Senex, ASX:SXY) delivered record production, record sales revenue and record reserves growth for the 12 months to 30 June 2014 (FY14).
Senex Managing Director Ian Davies said FY14 was a year of continued strengthening of the Cooper Basin oil business, with a solid foundation laid down for a gas business in the Cooper and Surat Basins.
“Senex delivered strong financial performance in FY14, with record sales revenue of $170.9 million, up 24% on FY13. This resulted from record production of 1.38 million barrels of oil in FY14, an increase of 10%, combined with strong Australian dollar oil prices. We also delivered net 2P reserves additions of 4.5 million barrels for the year, resulting in a record reserves replacement ratio of 327%".
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