SXY senex energy limited

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    Oil & Gas Today >>>
    https://www.oilandgastoday.com.au/senex-continues-expansion-with-35-production-increase/

    Same info from a different source.

    "Senex Energy has achieved significant growth and outstanding operational performance during the second quarter of the 2020 financial year.

    Managing director and chief executive officer Ian Davies said it was a “standout quarter for Senex” as new gas molecules were delivered to the domestic market and gas production in the Surat Basin outperformed expectations.

    The company revealed that its quarterly production increased by 35 per cent to 447 thousand barrels of oil equivalent (kboe).

    In gas, production rose to 621 kboe, a 72 per cent increase due to the Roma North (Surat Basin) ramp-up and initial production from Project Atlas (Surat Basin) and the Gemba field (Cooper Basin).

    Oil production was up by 3 per cent to 186 kboe, compared with 180 kboe in the previous quarter and 178 kboe in the same quarter of the 2019 financial year.

    Senex’s quarterly revenue increased from $23.9 million in the previous quarter to $29 million, marking a 23 per cent increase.

    The company’s reported the gas revenue increased significantly by 64 per cent to $10 million, with first gas sales achieved from Atlas and the Gemba field.

    During the quarter, Senex signed new gas sales agreements with CleanCo, CSR and Otota, for varying volumes, tenors and supply terms, bringing the contracted total to more than 32 PJ of natural gas from Atlas.

    The Roma North production exceeded 13.5 terajoules a day (TJ/day) and Atlas produced above 6.5 TJ/day from 23 well during the early ramp-up phase.

    A total of 49 wells were drilled in Senex’s current campaign, with an impressive 33 wells on production and the remaining set to be online in the coming weeks.

    Senex also achieved first gas sales from the Gemba field, Cooper Basin and has a free-carry drilling program completed. Material exploration targets were also identified from Westeros 3D survey.

    “Production performance clearly demonstrated the quality and potential of our Surat Basin acreage, and the execution capabilities of the Senex team,” Davies said.

    “We have significant running room ahead with 612 PJ of 2P gas reserves booked and more acreage to be appraised.

    “In the Cooper Basin, completing the free-carry drilling campaign and interpretation of the Westeros 3D survey have provided a large inventory of material exploration and appraisal leads to pursue.”
 
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