Senex and QGC JV asset swap Julie Whitcombe, EGM Strategic Planning Craig Stallan, Chief Operating Officer 10 September 2014
Asset swap consolidates Senexs Qld gas position QGC asset swap: monetising a minority JV position into a 100% held growth project Asset swap PL171 (Senex 20%) ATP 574P (Senex 30%) Senex Western Surat Gas Project…
QGC JV asset swap Transaction details Asset swap agreed with QGC, CNOOC and Tokyo Gas secures Senex a material 100% owned Surat Basin gas project Senex will exchange its minority interests in QGC operated eastern Surat Basin gas…
SenexisWestern Senex Surat Gas a major player Project in the Cooper Basin A material 100% owned Surat Basin gas project, adjacent to existing operated acreage 4
A material gas project Tripling the size of our Surat Basin gas business - operated by Senex Net 2P Reserves Land area (Senex share) 488 PJ 2,204 km2 3.1x (83 mmboe) 3.2x 1,697 km2 2P Reserves Land area 157 PJ (27 mmboe) 520…
Maturing our gas portfolio in line with strategy Moving our Surat Basin gas business along the maturity curve Cooper Basin OIL Conventional Oil Cooper Basin production Conventional Oil GAS exploitation Western Surat MATURITY…
A material step towards our goals Complementing the growth potential of our strong SA Cooper Basin business +56 mmboe secured towards our aspirational reserves target 7
Funding included in FY15 guidance No change to FY15 guidance as a result of this transaction FY15 expenditure accounted for in corporate budgets and guidance Following completion, balance of FY15 work program focused on planning…
Forward plan Achieving an investment decision on a commercial gas project in the Surat Basin FY15 FY16 FY17 FY18 FY19 FY20 + Assess Select Define Execute and operate Demonstrate Select full-scale Define selected Deliver…
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