1 International non-deal roadshow presentation March 2017
3 Contents An introduction to Senex East coast gas market opportunity Senex in the Surat Basin Senex in the Cooper Basin Outlook and summary Appendix and WSGP reference data This page: Eos block, Western Surat Gas…
4 An introduction to Senex Cooper Basin by air, South Australia
Investment proposition 5 Strongly positioned to convert opportunities in the east coast gas market: well capitalised with proven operating capabilities Extensive acreage position in Cooper Basin: low operating cost business…
Company overview 6 An Australian S&P/ASX 300 energy company Key metrics Market capitalisation A500 million Onshore oil and gas assets in Australias Cooper FY17 production guidance 0.8 mmboe and Surat Basins 2P reserve base 83…
Corporate strategy 7 A growth focused oil and gas exploration and production company with world class operating credentials Strategic enablers Surat Basin gas What Major growth project with a Building collaborative 20 year gas…
Company snapshot 8 1 Material 2P reserves position Strong financial position A million 73.0 mmboe 77 61.1 Undrawn debt2 Gas 77 174 Cash 26.6 26.6 Oil 127 80 23.5 102 77 8.1 10.8 13.3 11.3 10.4 49 FY12 FY13 FY14…
9 East coast gas market opportunity
East coast gas market opportunity 10 Australia urgently needs more gas supply and more gas suppliers to head off a supply shortfall forecast for 2019 Australian Petroleum Production & Exploration Association 28 February 2017 It…
East coast gas market opportunity 11 Significant long-term supply opportunities in a East coast forecast gas supply shortage structurally short east coast gas market 2,000 Annual demand and supply (PJ) Growing shortfall in…
Building a material gas business 12 Accelerating our flagship Western Surat Gas Project Line of sight to 1 mmboe of gas by 2019 with funding available to drive volume increases year on year Progressing material gas opportunities in…
13 Senex in the Surat Basin
Surat Basin asset position 14 Strategically located permits (over 2,000 km2 or 500,000 acres), close to existing infrastructure and transmission facilities Material 2P reserves position of 427 PJ Geology relatively well understood…
Western Surat Gas Project: summary 15 Senex is 100% owner and operator of the project Flexible 20 year gas sales agreement with GLNG at JCC oil-linked pricing Targeting lowest quartile operating and capital costs Appraisal testing…
Western Surat Gas Project: delivering material gas 16 Senex has sanctioned a A50 million investment in a 30 well work program with Indicative gas production profile1 Gas Rate (mmboe/year) Gas Rate (TJ/d) 20 1.2 associated…
Western Surat Gas Project: cost management 17 Cost management is key driver of project value Senex targeting lowest quartile operating and capital costs Phase 2 capital management: 30 wells with minimal surface facilities…
18 Senex in the Cooper Basin
Cooper Basin asset position 19 Senex holds an extensive acreage position across the Cooper Basin, Australias largest onshore oil and gas province Approximately 15,000 km2 (3.7 million acres) considered prospective for conventional…
Cooper Basin oil business 20 Oil margins ( per barrel sold) Strong production and cost control from base Average realised oil price US74/bbl oil portfolio in western flank: US20/bbl Average realised oil Average realised oil 39…
Cooper Basin oil exploration and development 21 High margin core business driving cash generation, with material upside potential Recommencement of drilling program in FY17 following a period of capital conservation Going forward,…
Cooper Basin gas business 22 The Cooper Basin is a proven hydrocarbon system with large gross intervals of conventional and unconventional gas Strong east coast gas market and technology advances provide support for previously…
23 Summary and outlook
Summary 24 Oil business continues to perform Solid production and cost control from base oil business given the significant reduction in capex over the last two years Major investment decision on Western Surat Gas Project A50…
Corporate Information 27 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…
Executive Team 28 Trevor Bourne Trevor is an experienced Non-executive Director, having served on public and private company boards in Australia and Asia for over 15 years. Trevor was a founding Chairman director of Origin Energy for…
Reserves and resources 29 Revisions to 30 June 2015 Maisey sale Production previous 30 June 2016 % change yoy estimates Reserves 1P 4.3 - (1.0) 8.8 12.1 181% 2P 94.6 (22.2) (1.0) 12.1 83.4 (12%) 2C 340.7 - - (132.7) 208.0…
Key metrics 30 Production EBITDAX 151 134 Full year guidance 91.1 82 90.9 mmboe 0.8 mmboe A million 63.6 28 25 49.5 1.25 1.38 1.39 1.01 0.41 3.0 FY13 FY14 FY15 FY16 H1 FY17 FY13 FY14 FY15 FY16 H1 FY17 Production…
Key financial headlines 31 H1 FY17 H1 FY16 Change Production (mmboe) 0.41 0.54 (24%) Sales volumes (mmboe) 0.39 0.52 (25%) Average realised oil price (A per barrel) 59 71 (17%) Capital spend (A million) 24.7 17.3 43% Sales revenue…
Net profit after tax and EBITDAX 32 H1 FY17 H1 FY16 H1 FY17 H1 FY16 Revenue 22.8 36.8 Statutory net profit (loss) after tax (8.8) (27.1) Operating costs (13.2) (16.0) Add/(less): Gain on sale of Maisey block - 38.2 Net interest 0.4…
Western Surat Gas Project: reference data 33 Resource 49 PJ of net proved (1P) reserves Surat Basin reserves 427 PJ of net proved and probable (2P) reserves Infrastructure Pipeline from the Glenora pilot to the GLNG low pressure…
Western Surat Gas Project: reference data 34 Market Pilot Gas Exploring all marketing options for pilot gas prior to first FID GSA for gas from the Western Surat Gas Project area over a 20-year contract term GSA provides for, at…
Contact and Further Information 35 Investor Ian Davies Media Rhianne Bell Enquiries Managing Director Enquiries Corporate Communications Manager +61 7 3335 9000 + 61 7 3335 9859 Tess Palmer Investor Relations Manager +61 7 3335…
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