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 presents the Market Outlook/Market at Midday and the Market wrap. She also presents ASX company news and interview CEOs. She joined FNN in January 2017. She has been in broadcast journalism for over six years. She has worked as a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She has also worked in regional Australia for Prime 7 and WIN News. She has also worked as a qualified financial planner.