Senex Energy unveils new gas supply in QLD

Company News

by Jessica Amir

Senex Energy (ASX:SXY) will introduce its new gas supply project to investors today at an oil conference in Perth.

The oil and gas exploration and production company recently a won gas tender acreage for Queensland’s Surat Basin, calling it Project Atlas.

The company says the site offers strategically located permits and is close to existing infrastructure and transmission facilities.

Senex says the new release of over 2,000 kilometers squared of acreage for exploration and development offers value upside for investors.

It boasts 438 pjs of reserves and a further 201 pjs of recoverable gas volumes.

Shares in Senex Energy (ASX:SXY) closed about 4.7 per cent lower yesterday at $0.30.
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.