HIGHLIGHTS
- Cash balance up 9%, solid margins on oil sales
- No drawn debt
- Low capital expenditure across portfolio during the quarter
- Oil production in line with expectations, with new wells to contribute in the second quarter
- Significant progress in growth projects
At the end of the first quarter of FY16, Senex Energy (Senex, ASX:SXY) maintained a strong financial position and delivered steady production, with key milestones achieved in its gas portfolio.
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