SXY 0.00% $4.60 senex energy limited

this was in the CM yesterdaySenex Energy are planning to expand...

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    this was in the CM yesterday
    Senex Energy are planning to expand their natural gas acreage after welcoming a positive rise in production in the Surat Basin. According to their third quarter production results, the energy giant announced an 8 per cent rise to 4.6 petajoule (PJ). Peak production has allowed the Surat Basin nameplate capacity to reach 52 terajoule (TJ) per day, equal to 19 PJ/year. Senex Energy managing director Ian Davies said the company would begin their next stage of investment around Roma and Wandoan. “We are ready to award contracts, we are ready to employ contractors,” Mr Davies said. “It means employment for the local community, means money going into the community to support their local supplies.“It’s involves an expansion of natural gas acreage. “Drilling more wells, laying more plastic pipe for water and gas production … it means civils works around doing lease pads, roads, etc.” Mr Davies said Senex planned to triple their production by the end of 2025.
 
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