Delivering growth in a challenging market
June 2016
Corporate strategyA growth focused oil and gas exploration and production company with world class operating credentials
Surat Basin gas
What? Major growth project with a 20 year gas sales agreement of up to 50 TJ/day (47 mmscfd)
Why? Geographic and product diversification, and strong near term market opportunity
How? Commercialise material 2P reserves and bring coal seam gas assets into production
Building collaborative relationships with aligned partners
Positioning the business for complementary upside opportunities
Attracting and retaining the
best people and pursuing operational excellence
Conducting safe, responsible and sustainable operations
- What? Low cost oil production from 14 operated fields with premier acreage position
- Why? High margin core business with scalability and material upside potential
- How? Explore and monetise oil opportunities in extensive acreage portfolio
Cooper Basin gas
What? Conventional and unconventional opportunities across premier acreage position
Why? Diversification of revenue stream and material scale, medium to long term growth enabler
How? Target material gas resources within an extensive exploration portfolio, and commercialise appraisal opportunities
A well-funded energy play leveraged to an oil price recovery
- Strong financial position: A$101 million of cash, with a largely undrawn unsecured debt facility of A$80 million; total liquidity of A$178 million
- Major growth project in Surat Basin: fully funded to reach an investment sanction decision on full field development, and a flexible 20 year gas sales agreement with a key LNG counterparty allowing for staged development
-
Extensive acreage position in Cooper Basin: low operating cost business with material
growth options and security of tenure
- Pursuing growth through organic and inorganic projects: where it aligns with strategy and capability, and does not compromise financial strength
Australia's #3 onshore oil producer1
Material 2P reserves position
94.6
Barrels per day (kbbls)
mmboe
20 | |
8 | |
3 1 |
72.4
31.637.4
39.9
61.1
Gas Oil
BPT STO SXY COE
11.3
FY12 FY13 FY14 FY15 FY15 pro-
forma2
Solid production base on reduced capex
Strong financial position
Barrels per year (mmboe)
Capex
76
0.60
134
1.25
151
1.38 1.39
82
1.0 - 1.05
25 - 30
Capex ($ million)
Total liquidity ($ million)
177.8
77.3 | |||||||||
124.0 126.8 129.0 | |||||||||
80.0 | |||||||||
76.6 | 100.5 | ||||||||
49.0 | |||||||||
Undrawn debt Cash
FY12 FY13 FY14 FY15 FY16
guidance
As at 31 December 2015, with BPT and DLS production combined to reflect merger
FY12 FY13 FY14 FY15 Q3 FY16
Pro-forma for 30 June 2015, with reserves adjusted for the sale of the Maisey block (announced 24 September 2015)
Senex Energy Limited published this content on 23 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2016 22:19:02 UTC.
Original documenthttp://www.senexenergy.com.au/investor-centre/files/asia-pacific-non-deal-roadshow-presentation/
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