Annual Report 2017

Contents

Overview

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 Senex

Senex 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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