POO Breakout, page-395

Senex media release:
Senex welcomes and supports the South Australian Government’s commitment to the industry of $24 million to extract and supply more gas to market.
“Given the regulatory challenges the oil and gas sector in Australia has experienced recently, it is encouraging to have a jurisdiction promoting exploration activity and enhancing competition. This program will help incentivise companies to develop gas resources and shows both long-term commitment and innovative thinking”, said Mr Davies, Managing Director and CEO of Senex Energy.
“Our industry has been weathering volatile commodity prices for a few years now as evidenced in the decrease of exploration and drilling activity. Introduction of this measure aims to restart such activity, and ultimately promote greater stability of supply to the market whilst also boosting local economies. It is a welcome measure”.