Q2 FY15/December 2014
During a quarter characterised by energy market volatility and materially lower oil prices, Senex maintained focus on delivering its FY15 production guidance and took action to maintain its strong funding position.
The Company has scaled back FY15 capital expenditure by 20% to $85 - $90 million, implemented additional annualised cost savings of $6m and secured a floor price for oil sales during 2H FY15 through hedging arrangements. Delivery of first gas sales from the Cooper Basin was an important milestone in the establishment of a material gas business and the Company’s diversification strategy.
To view Report please download PDF attached:
