Annual Report 2017
ContentsOverview About Senex | 1 | Sustainability Review People | 25 | Financial Statements | 70 |
Our performance | 4 | Safety | 28 | Additional Information | |
Chairman's message to shareholders | 5 | Environment | 30 | Tenement interests | 117 |
Managing Director's review | 6 | Stakeholder relations | 33 | Shareholder statistics | 120 |
Strategy | 8 | Key announcements | 122 |
Leadership team 10
Operating and Financial Review
Financial review 12
Operating review 14
Reserves and resources 23
Governance
Board of Directors 36
Corporate Governance and Risk 38
Directors' Report and
Remuneration Report 42
Five-year history 123
Glossary 124
About this report
This Annual Report is a summary of Senex's operations, activities and financial position for the year ended 30 June 2017. It complies with Australian reporting requirements. Senex Energy Limited
(ABN 50 008 942 827) is a company limited by shares and is incorporated and domiciled in Australia. Senex Energy Limited is the parent company of the Senex consolidated group of companies. Unless otherwise stated, in this report all references to Senex and the Group,
the Company, we, us and our, refer to Senex Energy Limited and its controlled entities as a whole. References to the financial year or 'FY' are to the year ended 30 June. All dollar figures are expressed in Australian currency unless otherwise stated.
An electronic version of this report is available at www.senexenergy.com.au/ investors/company-reports.
In consideration of the environmental footprint associated with the production of the Annual Report, printed copies
of the Annual Report will only be posted to shareholders who have requested
a printed copy.
Report objectives
This Annual Report is provided for the benefit of all Senex's stakeholders, as a clear and concise summary of Senex's performance during the 2017 financial year and outlook for the year ahead.
It meets our compliance and governance requirements. Through this report, we aim to build awareness of our operations and demonstrate how we delivered
on our mission and vision while maintaining our values and commitment to sustainable development.
Corporate governance statement
Senex's Corporate Governance Statement discloses the extent to which Senex has complied with the ASX Corporate Governance Council's 'Corporate Governance Principles & Recommendations - 3rd edition'.
This Statement is available at www.senexenergy.com.au/about/ corporate-governance.
Qualified reserves and resources evaluator statement
Information about Senex's reserves and resources estimates has been compiled in accordance with the definitions and guidelines of the 2007 SPE PRMS.
This information is based on, and fairly represents, information and supporting documentation prepared by, or under the supervision of, a qualified petroleum reserves and resources evaluator,
Mr David Spring BSc (Geology).
Mr Spring is a member of the Society of Petroleum Engineers and is Executive General Manager Exploration at
Senex, and a full time employee.
Mr Spring consents to the inclusion of the information in the form and context in which it appears in this annual report.
Annual General Meeting
Wednesday 15 November 2017, Brisbane
| Senex Annual Report 2017
Overview | Operating and Financial Review | Sustainability Review | Governance | Financial Statements | Additional Information
About SenexSenex is an independent Australian oil and gas company with a 30-year history. We manage a diverse portfolio of onshore conventional and unconventional assets, strategically positioned in Queensland and South Australia with access to Australia's east coast. Senex is focused on creating sustainable value for shareholders, leveraging our capability as a low cost, efficient and safe explorer and producer.
senexenergy.com.au | 1
Overview | Operating and Financial Review | Sustainability Review | Governance | Financial Statements | Additional Information
How we work Our vision To be Australia's leading independent oil and gas exploration and production company. Our mission To deliver profitable outcomes for our shareholders, communities and employees by:- Attracting and retaining talented people with drive and energy
- Building sustainable relationships with our communities, stakeholders and partners
- Continually striving for growth, innovation and efficiency in all that we do Our values Integrity Ownership Delivery Collaboration We
- Are honest
- Respect others
- Talk straight
- Are accountable
- Take responsibility
- Generate solutions
- Create opportunities
- Innovate
- Use initiative
- Achieve results
- Communicate openly
- Work together
- Combine strengths
Senex significantly increased work activity in the Surat Basin, including drilling, during FY17
2 | Senex Annual Report 2017
Senex Energy Limited published this content on 22 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2017 07:02:00 UTC.
Original documenthttp://www.senexenergy.com.au/investor-centre/files/2017-annual-report/
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