Senex Energy Limited (ASX:SXY, Senex) has today announced its 2016 first half results, reporting an underlying profit of $5.2 million and a statutory loss after tax of $27.1 million.
Senex has announced an underlying net profit of $5.2 million for the half year ended 31 December 2015, reflecting the offsetting impacts of material cost savings (corporate, operational and capital), and a lower average realised oil price. The Company recognised a $38 million gain on sale of the Maisey block in Queensland as part of its half year result, with the disposal of this asset delivering material value to shareholders. The gain was realised through a series of strategic transactions in the Surat Basin with neighbouring natural gas producers QGC and GLNG.
For further information please download PDF attached: