Senex half-year production up 49 per cent

Company News

by Anna Napoli

Oil and gas company, Senex (ASX:SXY) says first half FY19 production is up 49 per cent on the prior corresponding period with increases in both oil and gas production.

The company says it moved firmly into gas project execution during the quarter with gas continuning to increase.

Senex also closed its $150 million debt facility dueing the period allowing immediate drawdown to progress Surat Basin gas developments.

Ceo and MD Ian Davies says the progress has reinforced our confidence in successfully achieving project delivery objectives for 2019.

Shares in Senex Energy (ASX:SXY) are trading 4.55 per cent higher at $0.35.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.