The company’s oil and gas assets are spread across the Cooper and Surat basins located in South Australia and Queensland.
In the December half of 2017, Senex produced 0.37 million barrels of oil equivalent.
Accelerated development of Project Atlas
During the December half Senex was awarded a block of prime coal seam gas acreage by the Queensland Government, Project Atlas, strengthening its east coast gas business.
The accelerated development of Project Atlas in combination with the development of the Western Surat Gas Project will deliver a step-change in production and earnings for Senex from calendar year 2019.
After a strategic review, Senex will prioritise strategic focus and capital allocation to its east coast gas development projects and Cooper Basin western flank oil assets.
Progressing development of the Western Surat Gas Project
During the December half, Senex delivered the phase II capital program, bringing 30 wells online.
The phase II wells were brought online over the course of the half year, and as at December 2017 free gas was being produced at rates ahead of expectations
In preparation for full field development Senex continued to progress long lead activities including approvals and land access approvals.