Macquarie Australia Conference Ian Davies, Managing Director and CEO Sydney, 7 May 2015
Ian Davies Managing Director and CEO Company overview Strategic priorities Cooper Basin oil exploration Cooper Basin unconventional gas Western Surat Gas Project Investment highlights 2 Macquarie Australia Conference
Senex overview An exploration & production company growing from a high quality exploration portfolio An Australian S&P/ASX 200 energy company Onshore oil and gas assets in Australias Cooper, Eromanga and Surat Basins Diversified…
What differentiates Senex Drivers of value Premier acreage Senex operates the largest acreage position in South position in the SA Australias Cooper Basin Cooper Basin Located within proven oil and gas fairways Hosts a variety of oil…
FY15 performance Prudent and rapid response to the changed oil price environment FY15 Guidance: Production (mmboe) Guidance: Capex cut 25% to 80 - 85 million 1.36 - 1.41 Production of 1.36 1.41 mmboe 1.38 1.25 1.07 Capital program…
Senex corporate strategy Growing a material oil and gas exploration and production business Focus on maturing oil and gas exploration assets into production and achieving a material gas business Continued progression towards…
Ian Davies Managing Director and CEO Company overview Strategic priorities Cooper Basin oil exploration Cooper Basin unconventional gas Western Surat Gas Project Investment highlights 7 Macquarie Australia Conference
Strategic priorities Clear strategy to pursue aspirational FY18 targets 1. Maintaining financial strength 2. Continuing to progress growth projects 8 Macquarie Australia Conference
Maintaining financial strength Strong financial position heading into FY16 Strong financial position with no drawn Strong financial position: debt and cash of 63 million 143 million total available liquidity 80 million unsecured three…
Continuing to progress growth projects Careful portfolio management has created a material growth pipeline Large pipeline of growth assets: high quality, high equity, Senex operated Strong operating capability to bring growth assets…
Allocating capital to our most material growth projects Prioritisation of capital in the lower oil price environment Cooper Basin conventional oil exploration Western Surat Gas Project Cooper Basin unconventional gas (Origin JV)…
Low capital spend in balance of portfolio Prioritisation of capital in the lower oil price environment Cooper Basin conventional oil development and enhanced recovery activities Cooper Basin tight oil first phase concept testing…
Ian Davies Managing Director and CEO Company overview Strategic priorities Cooper Basin Oil exploration Cooper Basin unconventional gas Western Surat Gas Project Investment highlights 13 Macquarie Australia Conference
Cooper Basin oil exploration Exploration led growth strategy Significance in the Senex portfolio: Oil continues to have robust Fastest asset to move up the maturation curve underlying economics: Attractive economics: short…
Focus on best and biggest opportunities Material prospects in favourable reservoirs with confirmed proof of concept Pursuing oil opportunities on the flanks of the Cooper Basin, leveraging dispersed operational presence Namur,…
Namur and McKinlay structural play Extending the established fairway Namur and McKinlay characteristics: The Namur and McKinlay are neighbouring formations within the Jurassic sands Typical reservoirs show variability in pool size…
Birkhead stratigraphic play Extending the established fairway Birkhead characteristics: Typical reservoirs show material pool size but harder to find given subtle stratigraphic trapping mechanism (usually a two phase process as shown…
Ian Davies Managing Director and CEO Company overview Strategic priorities Cooper Basin oil exploration Cooper Basin unconventional gas Western Surat Gas Project Investment highlights 18 Macquarie Australia Conference
Cooper Basin unconventional gas Exploring in a proven basin with Origin Energy Significance in the Senex portfolio: Strong East Coast gas market and Material exploration project with multi Tcf resource potential technology provides…
Gas play types Targeting tight gas and basin centred gas plays Tight gas: Structural or stratigraphic Potentially regionally extensive Fracture stimulation required Focus for south area of project Basin centred gas:…
Southern play, Allunga Trough Chasing potential stratigraphic extensions to existing discoveries Allunga Trough play characteristics: Shallower and lower temperature than the Nappamerri Trough Gas, liquids and condensate potential…
Northern play, Patchawarra Trough Chasing basin centred gas and stratigraphic traps Patchawarra Trough play characteristics: Lower temperature and lower pressure than the Nappamerri Trough Gas, liquids and condensate potential…
Ian Davies Managing Director and CEO Company overview Strategic priorities Cooper Basin oil exploration Cooper Basin unconventional gas Western Surat Gas Project Investment highlights 23 Macquarie Australia Conference
Western Surat Gas Project Quality acreage adjacent to infrastructure hubs Continue to see a material long-term supply opportunity on the east coast of Significance in the Senex portfolio: Australia for gas: Most material and advanced…
Pilot production testing Enhancing understanding of the reservoir Bring existing pilot locations online during FY16 Objective of testing is to obtain dynamic data related to the production characteristics of the reservoir This…
Forward plan Achieving an investment decision on a material commercial gas project Assess Select Define FID Execute & Operate Demonstrate feasibility Select best full- Define Deliver (pilot testing) scale development selected…
Ian Davies Managing Director and CEO Company overview Strategic priorities Oil exploration Cooper Basin unconventional gas Western Surat Gas Project Investment highlights 27 Macquarie Australia Conference
Investment highlights An exploration & production company growing from a high quality exploration portfolio Large portfolio of growth projects with long term tenure Strong financial position with over 140 million of available…
Registered Office Level 14, 144 Edward Street GPO Box 2233 Brisbane, Queensland 4000 Australia Telephone +61 7 3335 9000 Web www.senexenergy.com.au Macquarie Australia Conference
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