Delivering a gas business DUG Conference Ian Davies, Managing Director and CEO 27 August 2014 Construction of an extended production test facility is close to complete for the Hornet gas discovery
Overview 1. Overview of Senex 2. Growth Acceleration Strategy the important role of gas 3. Our gas projects The Hornet-1 exploration well is located in the south 2 east of the South Australian Cooper Basin
Overview of Senex Production testing from the Hornet-1 well is expected to commence early in Q2 FY15
An experienced oil and gas operator Senex holds a major acreage position in the Cooper and Surat Basins 4
Growing reserves and production profile Senex is a growth-focused oil and gas E&P company Growing oil production and earnings base from SA Cooper Basin operations Gas reserves are a material component of the portfolio, but not yet…
Growth Acceleration Strategy the important role of gas The road to FY18 Hornet gas field is connected to the Cooper Basin gas network at Allambi, six kilometres north west
Senex is building a material oil and gas business Targeting substantial growth in reserves and production More than doubling of reserves and production over the next four years Growth targets include no corporate M&A activity,…
The starting Senex point is a major Senexs player in the portfolio today Cooper Basin Senex has an enviable pipeline of growth opportunities particularly in gas Large pipeline of growth assets: high quality, high equity, Senex…
Our gas projects Appraisal gas from the Hornet gas field will generate sales for Senex in line with a 2-year sales agreement with the SACB JV
Senexs gas acreage Four principal play types Conventional gas Structural traps: Stacked pay potential Generally smaller larger structures in the Cooper Basin already drilled from 2D Conventional gas Stratigraphic traps:…
Senexs gas acreage Two key geographies Cooper Basin, South Australia Surat Basin, Queensland (Conventional gas, tight gas, unconventional gas) (Coal seam gas) Incorporating the: - Patchawarra Trough - Napamerri Trough - Allunga…
Gas: building capability, reserves and production Our projects and direction 1. Cooper conventional gas exploration Exploration and appraisal of Senexs extensive acreage portfolio 2. Cooper tight gas Production testing and…
Cooper conventional gas Immediate exploration and appraisal focused on the Vanessa discovery in the Patchawarra Trough Vanessa gas field discovered in 2007 Toolachee and Epsilon structure with stratigraphic upside Gas flows of 4 -…
Cooper tight gas Senexs tight gas appraisal program on the Hornet discovery commencing early Q2 Construction underway to bring two wells into production in early Q2 FY15 for extended flow testing ahead of a future appraisal program…
Cooper unconventional gas Origin Energy JV Partnering to unlock the vast resources of the Patchawarra and Allunga Troughs Origin Energy gas farm-out Area A Area B Additional work program 67 67 (additional) 40 80 (stage 2) 40…
Cooper unconventional gas Origin Energy JV Forward program currently in planning phase, on ground works to commence FY15 Detailed planning work currently underway by the JV, targeting de- risking of basin-centred gas and tight gas…
Surat gas Continued focus on monetisation options including western Surat appraisal Material reserves position - 157 PJ 2P reserves Operator position in the western Surat in the Don Juan acreage Appraisal planning underway for…
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