Senex Energy Limited An emerging unconventional gas leader Ian Davies, Managing Director Shale Gas World, Adelaide 23 August 2011
Contents 1. Senex Energy Overview 2. Oil Business 3. Coal Seam Gas Business 4. Unconventional Gas Business 3
Investment highlights Strong independent oil producer in the Cooper Basin - large acreage position in the lucrative western flank with exciting near term exploration High margin oil business with rapid payback on successful wells…
Significant Cooper & Surat Basin asset base 5
The path to realising value 1. Growing the foundation oil business to generate cash flow Enhance existing production and cash flow from Cooper Basin permits Focused oil exploration and development program in western flank Low risk…
Published FY 2012 program targets Oil business Deliver over 700,000 barrels of oil production in 2011/12 Five development wells to be drilled in the Growler oil field to boost production Six exploration wells to be drilled in PEL 104,…
1 for 5 Entitlement Issue announced to raise 53.3 million 0.35 per share, fully underwritten(1) by RBS Morgans Corporate Limited Sentient Group to take up their full entitlement and subscribe for the first 44.25 million of shortfall…
Contents 1. Senex Energy Overview 2. Oil Business 3. Coal Seam Gas Business 4. Unconventional Gas Business 9
Senexs oil business: the cash flow engine room Production of over 700,000 barrels of oil targeted for 2011/12 Demonstrated oil reserves growth Aggressive 2011/12 western flank exploration, appraisal and development program to…
Reduced risk western flank exploration on 3D seismic 25 prospects on 3D seismic yet to be drilled in PEL 104 and PEL 111 Tomcat Sabre Voodoo Liberator Banshee Hellcat Snatcher Warhawk 2 Tigershark 2 Charo Wirraway North…
Western flank oil: a high margin business Development well payback c. 5 months at current oil prices, delivering 121% return with 12 months continuous production Typical Birkhead Channel oil well profile and economics: 400…
Growler oil field export oil flowlines to Moomba 13
Contents 1. Senex Energy Overview 2. Oil Business 3. Coal Seam Gas Business 4. Unconventional Gas Business 14
Surat Basin coal seam gas assets 15
Significant CSG reserves growth delivered in 2011 Initial CSG reserves certified in PL 171P & ATP 574P in January 2011 Net 2P reserves of 34 PJ and net 3P reserves of 160 PJ Net Gas in Place of over 600 PJ Material 2P reserves…
Aggressive FY12 exploration and appraisal program Aggressive CSG exploration and appraisal programs in place to test production and materially increase 2P and 3P reserves during 2011 and 2012 ATP 574P (Senex 30%) and PL 171 (Senex…
Contents 1. Senex Energy Overview 2. Oil Business 3. Coal Seam Gas Business 4. Unconventional Gas Business 18
Senex Cooper Basin unconventional gas portfolio Major unconventional gas position in the Cooper Basin in S.A. Shales: Thick, mature Roseneath and Murteree shales within PEL 516 (Senex 100%) in the southern South Australian Cooper…
Senex unconventional Gas-in-Place of 86122 Tcf (1) MHA Petroleum Consultants estimates 38 to 60 Tcf Gas-in-Place in the Allunga Trough and the Mettika Embayment within PEL 516 shales (Senex 100%) MHA estimates an additional 25 to 39…
Expansion of unconventional gas footprint: PELA 514 Binding agreement signed for Senex to farm-in to PELA 514, currently held 100% by Planet Gas Senex to be Operator Three well farm-in commitment N S provides Senex with: 50%…
PELA 514 a strategic addition to the Senex portfolio Area 1,972 km2 Close to existing infrastructure PELA 514 North: Conventional oil birkhead channel sands (Growler oil field analogue) PELA 514 South: unconventional shale gas,…
PELA 514 surrounded by oil and gas discoveries Holdfast-1 Beach Energy Vintage Crop-1 23 Source: Planet Gas
Significant gas shale position in PEL 516 24
Vintage Crop-1 significantly exceeded expectations 36 metres of core taken from Toolachee Coals, Roseneath Shale and Murteree Shale Thick target section Petroleum system working Gas charged coal and shale Presence of liquids rich…
PEL 516 new unconventional gas wells in 2011/12 26
2011/12 unconventional gas exploration program Fracture stimulation injectivity test at existing Allunga Trough-1 well to gather shale mechanical properties data for larger frac program Three dedicated unconventional gas exploration…
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