Drilling Report

January 2017

Monthly Drilling Report Release Date: 2 February 2017 Spitfire-8 oil appraisal well (PPL 258: Senex 60% and operator)

The Spitfire-8 appraisal well was the second drilling target in Senex's FY17 Cooper Basin drilling campaign. The well was designed to test the extent of the Birkhead reservoir and increase access to undeveloped reserves at the Spitfire field on the western flank. The well was identified from the merged Aquillus-Mollichuta 3D seismic surveys.

Spitfire-8 successfully intersected net pay of 7.2 metres in the target reservoir after reaching total depth of 1827 metres on 21 January. The well was cased and suspended and is expected to be brought online in Q3 FY17.

The Worrior-11 development well (PPL 207: Senex 70% and operator) was cased and suspended on 3 January 2017 after intersecting 11.3 metres of net pay in the target zones. The well is expected to be brought online during Q3 FY17.

The rig will move to the Sparta-1 exploration well in PEL 182 (Senex 57% and operator) and is due to spud in early February. The rig will then move to Hoplite-1 in the same permit.

The map on the following page shows the location of the above wells and drilling locations.

DRILLING FOR THE MONTH ENDED 31 JANUARY 2017

Well details

Working interest

*Operator

Status of operations

Horizon targets

Spitfire-8

PPL 258 (ex PEL 104)

Oil

Appraisal well South Australian Cooper Basin

SXY* 60%

BPT 40%

Report time: 0600 (CST) 01/01/2017

Total depth: 1827 m

Activity: Cased and suspended

Mid Birkhead Sandstone

SXY - Senex Energy Limited (ASX:SXY) BPT - Beach Energy Limited (ASX:BPT)

Senex drilling activity for January 2017: Spitfire-8 appraisal well

FURTHER INFORMATION

Investor Enquiries: Ian Davies Managing Director

Senex Energy Limited Phone: (07) 3335 9000

Tess Palmer

Investor Relations Manager Senex Energy Limited Phone: (07) 3335 9719

Media Enquiries: Rhianne Bell

Corporate Communications Manager

Senex Energy Limited Phone: (07) 3335 9859

ABOUT SENEX ENERGY

Senex is a growth focused exploration and production company based in Brisbane. With a 30-year operating history, Senex holds extensive onshore oil and gas acreage in the Cooper and Surat Basins. Senex operates the majority of its assets, produces around one million barrels of oil annually, and is successfully developing a gas business including the Western Surat Gas Project in Queensland.

Beach Energy Limited published this content on 02 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 February 2017 22:42:08 UTC.

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