Citi Annual Australian & New Zealand Investment Conference Sydney, 21 October 2015 Rig preparations for the two-well unconventional gas drilling program with Origin Energy (Senex free carried)
Table of contents Senex overview Strategic outlook Cooper Basin business Western Surat Gas Project Key takeaways 2 Citi Investment Conference
Senex overview We are a growth focused oil and gas exploration and production company An Australian S&P/ASX 300 energy company Onshore oil and gas assets in Australias Cooper, Eromanga and Surat Basins Diversified portfolio of…
Senex overview Extensive acreage and reserves 70,000 square kilometres with majority operatorship Surat Basin 2P reserves: 83.1 mmboe Cooper Basin 2P reserves: 11.5 mmboe Total 2P reserves: 94.6 mmboe Total 2C resources:…
Senex overview Production and reserves Achieving growth and financial strength Production (oil and gas) - Focused exploration and development program mmboe targeted at long-term reserves and production growth 1.38 1.39 1.25 FY15:…
Senex overview Corporate strategy 6 Citi Investment Conference
Table of contents Senex overview Strategic outlook Cooper Basin business Western Surat Gas Project Key takeaways 7 Citi Investment Conference
Strength in a lower oil price environment Preparing for a possible downside oil price scenario (lower for longer) Diversification of revenue stream through Brent oil price forward curve gas business growth 110 110 US/bbl 100 100…
FY16 guidance Reflects FY16 business priorities Production Maintaining financial strength through cash 1.5 preservation 1.0 1.2 mmboe 1.38 1.39 Continuing to drive growth projects in Senexs 1.25 1 portfolio, with low capex…
FY16 work program Disciplined approach to capital allocation whilst retaining growth options Surat Basin Gas Western Surat Project Optimised capital outlay to progress project to FID Cooper Basin oil Cooper oil exploration Focused…
Table of contents Senex overview Strategic outlook Cooper Basin business Western Surat Gas Project Key takeaways 11 Citi Investment Conference
Cooper Basin oil business A self-funding, focused work program Pursuing oil opportunities on the flanks of the Cooper Basin, leveraging dispersed operational presence Very large, operated land area Capitalising on previous…
Cooper Basin unconventional gas Exploring in a proven basin with Origin Energy Joint venture with Origin Energy - a partner with a long history and understanding of the Cooper Basin A material exploration project with multi Tcf…
Table of contents Senex overview Strategic outlook Cooper Basin business Western Surat Gas Project Key takeaways 14 Citi Investment Conference
Surat Basin Western Surat Gas Project Quality acreage adjacent to infrastructure hubs Senex permits over 2,000 km2 with approximately 915 km2 defined as the Western Surat Gas Project area1 Strategically located, close to existing…
Western Surat Gas Project Forward plan Achieving an investment decision Bankable GSA to underpin 42 million cash from GLNG project financing FID Assess Select Define Execute & Operate Assess phase: Select phase: Define phase:…
Table of contents Senex overview Strategic outlook Cooper Basin business Western Surat Gas Project Key takeaways 17 Citi Investment Conference
Key takeaways Growth focused exploration and production company Senex has a clear strategic focus: maturing oil and gas exploration assets into production and achieving a material gas business Major agreements announced with GLNG in…
Appendix Financial overview Sales revenue (m) FY15 FY14 170.9 Production (mmboe) 1.39 1.38 137.3 115.9 Sales volumes (mmboe) 1.32 1.35 FY13 FY14 FY15 Average realised oil price (A per bbl) 88 127 Capital spend ( million) 82.2…
Appendix Details of GLNG transactions Transaction Details components GLNG to acquire the Maisey block for 42 million in cash. Sale of Maisey block and GLNG to provide a suite of technical and operating data in respect of the Roma field…
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