Building a strong oil and gas business Ian Davies Managing Director and CEO Deutsche Bank Virtual Conference 5 June 2014
Overview Introducing Senex A sustainable oil business Perfectly positioned gas Outlook 3
An Australian S&P/ASX 200 energy company Onshore conventional and unconventional oil and gas High growth, profitable, no debt and strong cash position Dynamic, highly credentialed technical and commercial leaders Board and…
Senex is a major player in the Cooper Basin Senex is a major player in the Cooper Basin Senex operates the largest acreage position in South Australias Cooper Basin Senex-operated permits cover 40% of prospective acreage in the…
A trusted operator Senex operates on behalf of all of the key exploration and production businesses in the Cooper Basin 6
A strong reserves position 2P oil reserves additions of Oil and gas reserves between 4 million and 6 million and contingent resources As at June 2014 barrels to be delivered for FY14 90.0 82.2 1000.0 924.4 Represents a 2P oil…
Strategic growth objectives Focused on growing shareholder value Accelerated growth Leverage our unrivalled acreage position in the South Australian Cooper Basin Deliver multi-million barrel oil production Infield and greenfield…
Introducing Senex A sustainable oil business Perfectly positioned gas Outlook 10
Australias premier onshore oil province South Australian Cooper Basin is extremely underdeveloped by international standards Oil generated from Permian 2 trillion barrels Source Rocks1: STOOIP Cooper Basin 640 million barrels fields2:…
Australias premier onshore oil province The Cooper Basin has already produced 158 million barrels of oil and production is forecast to exceed previous peak levels in coming years 25 DECLINE STABILISATION REVITALISATION 1986 to 2000…
Cooper Basin has a strategic locational advantage Semi-desert area with cooperative land use with existing pastoralists Close to existing infrastructure including oil and gas pipelines South Australian Government policies…
A diverse and growing oil portfolio Three main regions: Western flank: Prolific fields including Growler, Snatcher, Mustang and Spitfire oil fields Northern permits: High growth potential at Acrasia oil field and other new…
Introducing Senex A sustainable oil business Perfectly positioned gas Outlook 15
Once-in-a-generation opportunity for new gas supply LNG gas demand 2012 (720 PJ/a) 2017 (2,350 PJ/a) dwarfs domestic requirement Demand 2017 price forecast: Power 210PJ Domestic A8-11 per gigajoule Domestic 630PJ LNG 1,720PJ…
Cooper Basin is the solution for new gas supply Four key gas plays: conventional, tight sands, shale gas and deep coal 17
Differentiating Cooper Basin gas plays Conventional High flow rates Moderate to high condensate Conventional 10-100 Bcf per field PROFIT / UNIT GAS MATERIALITY Tight sands Tight sands Moderate flow rates Low to moderate…
Testing the conventional Vanessa gas discovery PEL 182 (Senex 57% and operator) Senex investigating the commercialisation of the Vanessa gas discovery Vanessa gas field discovered in 2007 Vanessa-1 Located close to Santos gas…
Hornet Gas Sales Agreement with SACB JV GSA reached with SACB JV for the off-take of raw gas over a two-year period, commencing early in FY15 Raw gas will comprise natural gas, condensate and LPG Under the agreement Senex may…
Senex and Origin Energy gas farm-out Two farm-out agreements which exclude oil-prone areas Up to 252 million work program over 2 stages, drilling at least 15 wells and substantial seismic campaign Senex free-carried for its share of…
Focused on early commercialisation Early Pilot Early Exploration Production Appraisal Program Production Stage 1: Understanding Stage 2: Building Development the resource reserves and proving commerciality Operator: Senex…
Continued Record reserves growth in Qld Surat Basin resources Well located Hornet gas discovery for CSG to LNG projects that will require additional third party gas supplies Field development planning and future pilot production…
Introducing Senex A sustainable oil business Perfectly positioned gas Outlook 24
Delivering the strategy in FY14 Continuous growth in our oil and gas business Underlying financial Zero debt and fully funded: 91 million in cash as strength at 31 March 2014 On track to deliver capital expenditure guidance…
Registered Office Level 14, 144 Edward Street GPO Box 2233 Brisbane Queensland 4000 Australia Telephone +61 7 3837 9900 Email infosenexenergy.com.au 26
Loading...
