Key takeaways
Maintaining financial strength is our number one business priority
FY15
- Solid production of 1.39 mmboe in line with guidance, with healthy margins maintained
- Important strategic milestones reached in the establishment of Senex’s gas business
- Prudent, rapid response to change in oil price environment
- Strengthened liquidity by establishing $80 million unsecured debt facility and oil hedging program
FY16
- Cooper Basin business to self fund a disciplined work program
- Strong margins in the Cooper Basin oil business even at current low prices
- Prioritisation of Western Surat Gas Project to meet the East Coast gas market opportunity
- Strong financial position with over $129 million of available liquidity Outlook
Outlook
- Oil markets remain depressed with extremely volatile equity market response, however East Coast gas market is robust
- Senex has a clear strategic focus: maturing oil and gas exploration assets into production and achieving a material gas business.
For further information please download PDF attached:
