Citi Australian Investment Conference Building a Ian Davies, Managing different energy Director and CEO company Sydney, 30 October, 2013
Senex is different Mature (listed in 1984) yet fresh (revitalised in 2010) Strong and focused portfolio of oil and gas assets Commercially intelligent, enabling a dynamic approach to business Developing operational excellence…
Why we are different... Focused on value Majority equity and operatorship is key Massive land position with prime acreage in the Cooper- Eromanga Basin Strong balance sheet and cash flows Track record of low cost strategic…
Focused on value Phenomenal growth over three years: 2P oil reserves Oil production NPAT up to Up 575% Up 793% 61 million 2010 2011 2012 2013 New management Surat Basin CSG Farmin to Unconventional Another major oil Hornet gas field…
Why we are different Thinking long term Understanding the risks of building a long-term, profitable energy business Strong focus on collaboration The 15 year tenure security agreement is a great example: A win:win for Senex and…
We are already seeing the benefits Success in the southern Cooper Previously considered fully explored Senex targeting low-risk, high upside prospects near existing oil fields Material contribution to production expected…
Why we are different Becoming a first class operator Operationally nimble, dynamic and striving for continuous improvement Learning from mistakes (ours and others) Learning from those who do it best (eg Aera Energy) Exploration…
The focus has moved from engineering to execution Exploration discovery-to-production From around 90 days Define well Design Discovery Approval Procure Construct Online parameters equipment To around 45 days Confirm…
Where to next Aera Energy connects a development well in one day Adopt lean concepts Continuously improve Reduce waste and non-value add activity Plan, prepare and standardise Become a cost leader economic resilience Reduce cycle…
Where to next Huge oil potential on the western flank 11
Where to next Near field, high return opportunities in the south Well Permit Type Results Worrior-8 PPL 207 Development 18 m net pay Worrior-9 PPL 207 Exploration Plugged and abandoned Burruna-2 PEL 115 Exploration 5.3 m net pay,…
Where to next Commercialising gas reserves and resources 1000 Major new 914.0 900 contingent 800 resource in the 700 Cooper Basin 600 500 Continued 400 325.0 growth in 300 Surat Basin 200 coal seam gas 80 reserves 70 59.8 60…
What does it mean for shareholders Continued oil production and reserves growth: 2013/14 production guidance of 1.4 million to 1.6 million barrels, an increase of 20%1 2013/14 2P reserves growth of 4 million to 6 million barrels…
Registered Office Level 14, 144 Edward Street GPO Box 2233 Brisbane Queensland 4000 Australia Telephone +61 7 3837 9900 Email infosenexenergy.com.au 15
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