Delivering growth in a challenging market International non-deal roadshow April 2016
An introduction to Senex Cooper Basin oil Cooper Basin gas Surat Basin gas Outlook 2 International non-deal roadshow
Corporate strategy A growth focused oil and gas exploration and production company with world class operating credentials Strategic enablers Surat Basin gas What Major growth project Building collaborative with a 20 year gas sales…
Company overview An Australian S&P/ASX 300 energy company Key metrics Market capitalisation A300 million Onshore oil and gas assets in Australias Cooper, Eromanga and Surat Basins Liquidity A177 million FY16 production guidance 1.0…
Investment proposition A well-funded energy play leveraged to an oil price recovery Strong financial position: A100 million of cash, with a largely undrawn unsecured debt facility of A80 million; total liquidity of A177 million…
Portfolio overview Disciplined capital allocation in a lower oil price environment Discretionary capital expenditure focused on the Western Surat Gas Project Cooper Basin being managed for cash generation Large pipeline of growth…
Company snapshot Australias 3 onshore oil producer1 Solid production base Barrels per day (kbbls) 1.0 1.2 1.38 1.39 20 Guidance mmboe 1.25 range 0.60 0.54 H1 8 production 3 1 BPT STO SXY COE FY12 FY13 FY14 FY15…
Low cost operating model Low operating cost Hedging in place for majority of volumes to the Average end of 2016: realised oil price 127/bbl A72/bbl (US52/bbl) for H2 FY16 Average realised oil price 88/bbl Average A62/bbl…
An introduction to Senex Cooper Basin oil Cooper Basin gas Surat Basin gas Outlook 9 International non-deal roadshow
Cooper-Eromanga Basin overview A prolific onshore hydrocarbon basin Key metrics (South Australia) As at 2015: Year discovered 1963 gas, 1970 oil Australias largest onshore oil and gas province Fields on stream 100 gas, 80 oil…
Senex in the Cooper Basin Senex is a key player in the rediscovery of the Cooper Basin Senex has a premier acreage position in the South Australian Cooper Basin of over 13,000 km2 Northern fairway Crude oil sold to two major…
Cooper Basin oil business Running the oil business for cash in a low oil price environment In low oil price environment: run existing production base Reserves (mmbbl) 30 June 2015 for cash, maximising production and minimising…
Growth opportunity: Cooper Basin oil exploration Leveraging our extensive acreage position to add material oil reserves Pursuing opportunities on the flanks of the Cooper Basin Capitalising on 4,000 km2 of 3D seismic coverage Leverage…
Growth opportunity: Cooper Basin oil exploitation Development options to maximise the recovered resource Field development planning shows good potential for increasing recoveries through infill drilling and waterflood on fields across…
Growth opportunity: Cooper Basin tight oil Material growth opportunity if commercialisation can be proved Large, proven, in-place tight oil resource prevalent in Senexs 100% held southern Cooper Basin acreage Murta Formation is a…
An introduction to Senex Cooper Basin oil Cooper Basin gas Surat Basin gas Outlook 16 International non-deal roadshow
Cooper Basin gas opportunities Materiality and scale are key for conventional and unconventional prospects Cooper Basin is a proven hydrocarbon system with large gross intervals of conventional and unconventional gas Strong east…
Senex and Origin Energy unconventional gas JV Material exploration project with multi-Tcf potential Senex and Origin Energy joint venture focused on Patchawarra and Allunga Troughs Patchawarra Trough - chasing basin centred gas:…
Senex and Origin Energy unconventional gas JV Material exploration project with multi-Tcf potential Origin Energy is the largest vertically integrated energy company in Australia, with a long history and detailed understanding of the…
Conventional gas Vanessa gas field is a discovered resource close to infrastructure Initial 2P reserves booked in June 2015 Vanessa-1ST gas exploration well: Gas shows observed in the Toolachee and Epsilon structures with…
An introduction to Senex Cooper Basin oil Cooper Basin gas Surat Basin gas Outlook 21 International non-deal roadshow
East coast gas market opportunity Material long-term supply opportunities in a short market Growing shortfall in gas supply to Eastern Australia Unprecedented demand growth with LNG projects coming online Existing fields in decline…
Surat Basin overview Major source of natural gas in Queensland Surat Basin and neighbouring Bowen Basin host the majority of Australias coal seam gas resources Drilling undertaken in the Surat Basin since the early 2000s targeting…
Senex in the Surat Basin Strategic acreage position with a low cost base Senex permits over 2,000 km2 of which 915 km2 defined as the Western Surat Gas Project area Strategically located, close to existing infrastructure and…
Western Surat Gas Project Phase 1 work program: appraisal and infrastructure Appraisal testing of c. 15 wells (5 wells to be recompleted, 10 new wells drilled) Objective: to achieve clarity around key project performance metrics to…
Developing a material gas business Flexibility of GSA allows for staged development of the Western Surat Gas Project Strategic Phasing and timing Funding objectives Staged approach to Phase 2c development: Annual expansion Annual…
An introduction to Senex Cooper Basin oil Cooper Basin gas Surat Basin gas Outlook 27 International non-deal roadshow
Outlook Delivering growth in a challenging market Clear strategy: maturing oil and gas exploration assets into production and achieving a material gas business, but acknowledging the realities of a lower for longer oil price…
Additional information Registered Office Investor enquiries: Tess Palmer Level 14, 144 Edward Street Investor Relations Manager GPO Box 2233 Phone: +61 7 3335 9719 Brisbane, Queensland 4000 Australia Media enquiries: Karen Cottier…
Corporate information Financial information Shareholder type as at 4 March 2016 ASX Ticker SXY Other, 2% ADR Ticker SXYEY Institutional, Share price (23-Mar-16) A0.26 17% Retail, 62% Number of shares 1,150 million Market…
Corporate information Board of Directors Corporate history Trevor Bourne Chairman, Independent Non-executive Director 1984 Victoria Petroleum NL listed on the ASX (Perth based company focused on developing petroleum prospects Ian…
Key metrics Operating cash flow EBITDAX 90.9 91.1 A million A million 81.0 56.4 55.7 49.5 33.5 25.1 24.9 14.6 FY12 FY13 FY14 FY15 H1 FY16 FY12 FY13 FY14 FY15 H1 FY16 Capital expenditure1 Employees 151.4 197…
FY16 capital expenditure and production On track to deliver in line with guidance Capex Production FY16 capex 160 1.6 mmboe A million 151.4 Significant year on year capex reductions since FY14 140 1.0 1.4 1.38 1.39 1.2…
Key financial headlines Significant improvements in operating and corporate costs H1 FY16 H1 FY15 Change Production (mmboe) 0.54 0.74 (27%) Sales volumes (mmboe) 0.52 0.72 (28%) Average realised oil price (A per barrel) 71 97 (27%)…
Net profit after tax Statutory and underlying net profit H1 H1 H1 FY16 NPAT driven by: A million FY16 FY15 Revenue 36.8 69.9 A38 million gain on sale of the Maisey Operating costs (16.0) (31.8) block Gain on sale of Maisey block…
Reserves and resources All reserves before the sale of the Maisey block in September 2015 Revision to Acquisition 30 June 2014 Production previous 30 June 2015 % change & yoy estimates & divestments additions Reserves 1P 5.5…
Leadership team Trevor is an experienced Non-executive Director, having served on public and private company boards in Australia and Asia for Trevor Bourne over 15 years. Trevor was a founding director of Origin Energy for 12 years,…
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