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Senex Touts 'Excellent' Cooper Basin Progress; Talks 2016 Plans
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Senex Energy Limited has updated its 2015 results and operations as well as provided an outlook for 2016.
The company enters FY16 in a good financial position, after solid oil production in FY15, record oil and gas 2P reserves growth, and a step change in the development of a material gas business.
Key points FY15: Production of 1.39 mmboe, up 1% from 1.38 mmboe Sales revenue of $115.9 million, down 32% from $170.9 million EBITDAX of $49.5 million, down 46% from $91.1 million Underlying profit of $5.6 million, down 87% from $44.7 million Statutory loss of $80.6 million, down from a profit of $37.9 million, including non-cash impairment charge of $97.0 million 2P oil and gas reserves of 94.6 mmboe, up 137% from 39.9 mmboe Liquidity: cash of $49 million, $80 million undrawn debt facility…- ✓ Full news archive — U.S., Canada & international coverage
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