Delivering a valuable onshore oil and gas business in Australia Macquarie Australia Conference Sydney, 8 May 2014
Overview 1 Introducing Senex 2 Oil production update: - Spitfire oil field drilling success - Growler oil field water flood project 3 Value-adding gas projects: - Testing the Vanessa gas discovery - Tight sand focus with Origin…
An experienced Cooper Basin operator Senex is a major player in the Cooper Basin Senex operates the largest acreage position in South Australias Cooper Basin Senex-operated permits cover 40% of prospective acreage in the Basin…
A strong reserves position 2P oil reserves additions of Oil and gas reserves between 4 million and 6 million and contingent resources As at March 2014 barrels to be delivered for FY14 90.0 82.2 1000.0 924.4 Represents a 2P oil…
Introducing Senex Oil production update Value-adding gas projects Outlook 6
Spitfire oil field extended with successful drilling A great result: Four wells drilled in March quarter All four to be placed on production in the June quarter Likely western extension to be assessed with Aquillus 3D seismic…
Better quality, thicker sands intersected Spitfire-4 Spitfire-6 Spitfire-3 Spitfire-5 Net pay: 13.8 metres Net pay: 8.9 metres Net pay: 6.1 metres Net pay: 7.2 metres Depth: 1,808 metres Depth: 1,826 metres Depth: 2,010 metres Depth:…
Work underway to expedite well connection Spitfire-6 Tank installation in progress Spitfire field Tie in to Growler oil field Spitfire-3 Beam pump installation underway 9
Reprocessed 3D seismic delivers results Birkhead reservoir at Spitfire: - Higher top of sand location H1 exploration highlights: - Lower oil-water contact Namur and Birkhead oil - Greater lateral extent discoveries at Burruna -…
Water flood project to stabilise production and lift reserves at Growler oil field Field decline within predicted range of 2-4% per month Pressure decline at Growler oil field to be addressed with water injection (water flood…
Material increase in recovery factor anticipated Generic water flood project illustration 50% Increase in EUR Recovery Factor (%) 25% With water injection secondary recovery Without water injection secondary recovery…
Introducing Senex Oil production update Value-adding gas projects Outlook 13
Differentiating Cooper Basin gas plays Conventional High flow rates Moderate to high condensate Conventional 10-100 Bcf per field PROFIT / UNIT GAS MATERIALITY Tight sands Tight sands Moderate flow rates Low to moderate…
Testing the Vanessa gas discovery PEL 182 (Senex 57% and operator) Senex investigating the commercialisation of the Vanessa gas discovery Vanessa gas field discovered in 2007 Vanessa-1 Located close to Santos gas gathering system…
Senex and Origin Energy focus on tight sands Two farm-out agreements: Area A: 36% of area of PEL 516 and PEL 115 (Senex 100%) Area B: 47% of area of PEL 514 (Deeps) (Senex 80% and operator) Up to 252 million work program over 2…
Transaction highlights Origin has strong east coast gas market position and extensive Cooper Basin understanding as a member of the SACB JV Senex retains exposure to upside through material equity position post farm-out Farm-in…
Hornet Gas Sales Agreement with SACB JV GSA reached with SACB JV for the off-take of raw gas over a two-year period, commencing early in FY15 Raw gas will comprise natural gas, condensate and LPG Under the agreement Senex may…
Introducing Senex Oil production update Value-adding gas projects Outlook 19
Strategic growth objectives Focused on growing shareholder value Accelerated growth Leverage our unrivalled acreage position in the South Australian Cooper Basin Deliver multi-million barrel oil production Infield and greenfield…
Delivering the strategy in FY14 Continuous growth in our oil and gas business Underlying financial Zero debt and fully funded: 91 million in cash as strength at 31 March 2014 On track to deliver capital expenditure guidance…
Registered Office Level 14, 144 Edward Street GPO Box 2233 Brisbane Queensland 4000 Australia Telephone +61 7 3837 9900 Email infosenexenergy.com.au 22
Loading...
